Retail Space with Customer
For Lease
Contact for pricing
2921 S 38th St, Tacoma, WA 98409
The retail center provides customer parking, nearby public transportation, and access to major shopping destinations.
Space Size11,497 SF
Days on Market53
Property Features for 2921 S 38th St
General Information
Standard status
Active
Size
11,497 SF
Property subtype
RETAIL
Lease Type
NNN
Spaces For Lease
at 2921 S 38th St
Formerly Charlie Safari
$13/SF/Yr
Size
11,497 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE
• Prime retail location close to the Tacoma Mall
• Moments from I-5 with public transportation next to center
• 44,000 CPD on South 38th Street
• 13,500 CPD on South Pine Street
• Excellent parking for customers
Contact us
Listing Agency:
First Western Properties - Tacoma, Inc.
(253) 472-0404
Listed By:
Ray Velkers
(253) 284-3632
Source:
Moodyscre
Added: Aug 10
Changed: Sep 13
Last Checked: Oct 1 at 8:23AM
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 First Western Properties - Tacoma, Inc.
Investment Insights
Based on property information with market context.
Michael's Plaza offers 11,497 square feet of retail space within an established shopping center setting. Customer parking is available for the property, supporting convenient access for shoppers and visitors.
The center is near Tacoma Mall and positioned close to I-5. Public transportation is located next to the center. South 38th Street carries 44,000 CPD, while South Pine Street carries 13,500 CPD, providing established roadway exposure around the property.
The center is near Tacoma Mall and positioned close to I-5. Public transportation is located next to the center. South 38th Street carries 44,000 CPD, while South Pine Street carries 13,500 CPD, providing established roadway exposure around the property.
Key Highlights
- 11,497 square feet of retail space at Michael's Plaza
- 44,000 CPD on South 38th Street
- 13,500 CPD on South Pine Street
Property Analytics
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,655
Businesses Nearby
434k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 42%
Shops & Services 31%
Apparel 19%
Groceries 4%
Costco Wholesale
Superstores
180,804 visits/mo
0.4 miles
Costco Gasoline
Shops & Services
74,534 visits/mo
0.4 miles
Ross Dress for Less
Apparel
30,862 visits/mo
0.1 miles
Michaels
Shops & Services
30,544 visits/mo
0.1 miles
Big 5 Sporting Goods
Apparel
18,914 visits/mo
0.3 miles
Demographics for 98409, WA
27,840
Population
12,136
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
3,921
Density / Sq Mi
$71,649
Median Household Income
$43,652
Median Earnings
$1,579
Median Rent
$363,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Tacoma, WA
$20.01 /SF/Yr
Avg Asking Price
$3.11–$27.42 /SF/Yr
Price Range
5,047 SF
Avg Space Size
This space is priced 35% below the average of $20.01 /SF/Yr.
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - The retail center provides customer parking, nearby public transportation, and access to major shopping destinations.
Where is this retail space located?
The property is located at 2921 S 38th St Tacoma, WA.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: 11,497 square feet of retail space at Michael's Plaza; 44,000 CPD on South 38th Street; 13,500 CPD on South Pine Street
