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12134 Pacific Hwy SW Lakewood, WA 98499

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For Sale
$1,097,000

Three-unit retail strip on Pacific Highway with NNN leases.

Building Details

Year built
1941
Source: Corcoran

Listing Agent: Michael Piccolo

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Fully Occupied Retail Strip Investment

This fully occupied, three-unit retail strip presents an investment opportunity. Anchored by two established restaurants and a smoke shop, the property is located on Pacific Highway, benefiting from high visibility and traffic. The site offers parking visibility and potential for increased rents. All units operate under triple net leases (NNN), with tenants responsible for expenses. The property is situated in a growing area and includes two tax parcels. The leases are structured for five years with annual rent increases of 3%. The property is intended for retail use.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

La Chele Salvadorean ... Salvadoran Restaurant RockItCoin Bitcoin ATM Crypto Atm Puyallup smoke shop Tobacco Shop Pizza Pizazz Pizza Restaurant

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lakewood
County
Pierce
State
Washington
Longitude
-122.5092739
Latitude
47.1468197

FAQs

What type of property is this?
Strip mall - Three-unit retail strip on Pacific Highway with NNN leases.
Where is this strip mall located?
The property is located at 12134 Pacific Hwy SW Lakewood, WA.
What is the asking price?
The asking price for this property is $1,097,000.
What are key features of this property?
This property features: - Fully occupied 3-unit retail strip on HIGH-TRAFFIC Pacific Highway.; - Anchored by two established restaurants and a smoke shop.; - All units under triple net leases (NNN).
More about this property
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