Fully Occupied Retail Strip
For Sale
$1,097,000
12134 Pacific Hwy SW, Lakewood, WA 98499
Three-unit retail strip on Pacific Highway with NNN leases.
Property SizeContact for details
Days on Market865
Property Features for 12134 Pacific Hwy SW
General Information
Standard status
Active
Building Details
Year Built
1941
Listing Agency:
COMPASS
Listed By:
MICHAEL PICCOLO
Source:
Corcoran
Added: Apr 17, 2024
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 COMPASS
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 41%
Hotels & Casinos 7%
Shell
Shops & Services
23,170 visits/mo
0.4 miles
Denny's
Dining
16,585 visits/mo
0.3 miles
Church's Chicken
Dining
6,363 visits/mo
0.4 miles
Extra Space Storage
Shops & Services
3,014 visits/mo
0.1 miles
Holiday Inn Express & Suites Tacoma South - Lakewood
Hotels & Casinos
2,649 visits/mo
0.3 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
Questions? Ask Rey
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Frequently Asked Questions
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).
