NNN Retail Building with Highway
For Sale
Contact for pricing
Pending
11726-11738 Pacific Hwy SW, Lakewood, WA 98499
NNN retail building with leased space to H&R Block through May 2029 and 5% annual increases.
Property Size3,072 SF
Lot Size0.38 Acres
Days on Market171
Property Features for 11726-11738 Pacific Hwy SW
General Information
Standard status
Pending
Size
3,072 SF
Lot size
0.38 Acres
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
CBRE
(206) 292-1600
Listed By:
Patrick Kane · License #25030374
(206) 605-2841
Source:
Moodyscre
Added: May 12
Changed: Oct 25
Last Checked: Oct 28 at 9:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This NNN retail building offers 3,072 SF on 0.38 AC with 210 feet of frontage along Pacific Hwy SW in Lakewood, WA. A portion of the building is currently leased to H&R Block (529 SF), with the term scheduled to end in May 2029.
The property is positioned roughly 900 feet from the I-5 on ramp. The lease is structured as an NNN agreement with 5% annual increases.
The property is positioned roughly 900 feet from the I-5 on ramp. The lease is structured as an NNN agreement with 5% annual increases.
Key Highlights
- 3,072 SF NNN retail building on 0.38 AC
- 210' frontage along Pacific Hwy SW, about 900' from the I‑5 on‑ramp
- 529 SF leased to H&R Block; lease term ends May 2029
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,631
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,620
$532.6K
Cap Rate 7%
$380,443
$380.4K
Cap Rate 9%
$295,900
$295.9K
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$44.2K $14.40/SF
− Vacancy
−$6.2K −$2.02/SF
EGI
$38.0K $12.38/SF
− OpEx
−$11.4K −$3.72/SF
NOI
$26.6K $8.67/SF
Area
Pierce County, WA
Vacancy
14.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,620
Cap Rate 7%
$380,443
Cap Rate 9%
$295,900
Alternative Uses
Best Use
Retail
$380.4K
$332.9K – $443.9K
NOI $26,631 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$829.7K
$726.0K – $968.0K
NOI $58,080 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
78k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 43%
Hotels & Casinos 7%
Home Improvements & Furnishings 1%
Shell
Shops & Services
23,170 visits/mo
0.1 miles
Denny's
Dining
16,585 visits/mo
0.2 miles
Jack in the Box
Dining
7,975 visits/mo
0.4 miles
Church's Chicken
Dining
6,363 visits/mo
0.1 miles
Brown Bear Car Wash
Shops & Services
4,317 visits/mo
0.5 miles
Demographics for 98499, WA
33,188
Population
14,683
Households
2.3
Avg Household Size
35
Median Age
19%
College-Educated
85%
High-School Grad
8.8 sq mi
ZIP Area
3,771
Density / Sq Mi
$65,000
Median Household Income
$41,345
Median Earnings
$1,445
Median Rent
$370,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - NNN retail building with leased space to H&R Block through May 2029 and 5% annual increases.
Where is this storefront property located?
The property is located at 11726-11738 Pacific Hwy SW Lakewood, WA.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: 3,072 SF NNN retail building on 0.38 AC; 210' frontage along Pacific Hwy SW, about 900' from the I‑5 on‑ramp; 529 SF leased to H&R Block; lease term ends May 2029
