Building Details

Tenancy Multi

Listing Agency: Kidder Mathews Seattle d***@kidder.com Show Phone

Listed By: David Gellner · License #WA 112893

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 11:57PM

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Investment Insights

Based on property information with market context.

This offering provides a fully occupied retail center leased to a mix of regional and local brands, including Garlic Jim's Pizza, Peak Dental, Rare Beauty, and Black Bear Yogurt. The tenants operate on NNN leases with annual rent increases.

The property is highly exposed on the hard corner of two main arterials in the heart of the 6th Avenue District. The surrounding area includes a dense concentration of retailers and employers, along with housing, institutions of higher education, and new developments.

For buyers seeking a retail income stream backed by in-place tenants, this center’s NNN structure and multiple operating concepts provide diversification within a street-exposed, corner location.

Key Highlights

• Fully occupied retail center leased to tenants including Garlic Jim's Pizza, Peak Dental, Rare Beauty, and Black Bear Yogurt
• All tenants operate on NNN leases with annual rent increases
• Located on a hard corner with exposure to traffic on two main arterials in the heart of the 6th Avenue District

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Real Estate Agency Furniture & Home Goods Skin Care Clinic (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

875

Businesses Nearby

45k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 53% Dining 47%

Taco Bell Dining

14,440 visits/mo 0.4 miles

Shell Shops & Services

5,484 visits/mo 0.5 miles

AutoZone Shops & Services

4,562 visits/mo 0.2 miles

7-Eleven Shops & Services

4,492 visits/mo 0.3 miles

O'Reilly Auto Parts Shops & Services

3,938 visits/mo 0.4 miles

Demographics for 98406, WA

22,768

Population

10,748

Households

2.1

Avg Household Size

42

Median Age

48%

College-Educated

96%

High-School Grad

4.2 sq mi

ZIP Area

5,421

Density / Sq Mi

$104,761

Median Household Income

$59,659

Median Earnings

$1,677

Median Rent

$594,100

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Shopping center - Fully occupied retail center with multiple NNN tenants, annual rent increases, and exposure on a hard corner of two main arterials.

Where is this shopping center located?

The property is located at 3602 6th Avenue Tacoma, WA.

What are key features of this property?

This property features: Fully occupied retail center leased to tenants including Garlic Jim's Pizza, Peak Dental, Rare Beauty, and Black Bear Yogurt; All tenants operate on NNN leases with annual rent increases; Located on a hard corner with exposure to traffic on two main arterials in the heart of the 6th Avenue District