Three-Tenant NNN Strip
12930 Pacific, Lakewood, WA 98499
For Sale
$940,000
Fully leased retail center with service-oriented occupants, CPI-based annual escalations, and on-site parking.
Property Size5,192 SF
Price / SF$181.05
Days on Market64
Property Features for 12930 Pacific
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Traffic Count
Amenities
on-site parking
Building Details
Year Built
Tenancy
Listing Agency:
Kidder Mathews
Listed By:
Kevin G. Verger · License #WA 26206
(206) 946-9425
Source:
Skylineproperties
Added: Sep 5
Changed: Nov 6
Last Checked: Nov 6 at 9:59AM
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 Kidder Mathews
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.
Lakewood Commercial Plaza is a 5,192-square-foot retail center completed in 1962 and occupied by three tenants under NNN leases. The tenant roster includes Anything Insurance, CARSTAR, and Pacific NW Gaming and Collectibles. Each lease provides for annual rent adjustments tied to CPI, while the property also includes on-site parking and flexible zoning.
The center fronts Pacific Hwy SW with visibility to I-5 and reported exposure to more than 142,000 vehicles per day. Joint Base Lewis-McChord is nearby, and Lakewood Station is approximately 1.5 miles away. The existing suite configuration supports multiple service-oriented retail occupants within a fully leased commercial property.
The center fronts Pacific Hwy SW with visibility to I-5 and reported exposure to more than 142,000 vehicles per day. Joint Base Lewis-McChord is nearby, and Lakewood Station is approximately 1.5 miles away. The existing suite configuration supports multiple service-oriented retail occupants within a fully leased commercial property.
Key Highlights
- 5,192 SF retail center built in 1962
- 100% occupied by 3 tenants under NNN leases
- Annual rent escalations tied to CPI
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,008
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,160
$900.2K
Cap Rate 7%
$642,971
$643.0K
Cap Rate 9%
$500,089
$500.1K
Market Conditions
NOI Build-Up for 5,192 SF
Gross rent
$74.8K $14.40/SF
− Vacancy
−$10.5K −$2.02/SF
EGI
$64.3K $12.38/SF
− OpEx
−$19.3K −$3.72/SF
NOI
$45.0K $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%
$900,160
Cap Rate 7%
$642,971
Cap Rate 9%
$500,089
Alternative Uses
Best Use
Retail
$643.0K
$562.6K – $750.1K
NOI $45,008 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,161 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
142,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
488k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Superstores 24%
Shops & Services 13%
Leisure 11%
Target
Superstores
114,713 visits/mo
0.4 miles
AMC Lakewood Mall 12
Leisure
55,575 visits/mo
0.5 miles
Chick-fil-A
Dining
43,203 visits/mo
0.4 miles
Marshalls
Apparel
42,203 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
30,829 visits/mo
0.4 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?
Strip mall - Fully leased retail center with service-oriented occupants, CPI-based annual escalations, and on-site parking.
Where is this strip mall located?
The property is located at 12930 Pacific Lakewood, WA.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: 5,192 SF retail center built in 1962; 100% occupied by 3 tenants under NNN leases; Annual rent escalations tied to CPI
