Shadow-Anchored Retail Shopping
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3202 S 23rd Street, Tacoma, WA 98405
Stabilized shopping center shadow-anchored by Target and Hobby Lobby with 97% occupancy and strong national tenant presence.
Property Size111,611 SF
Days on Market125
Property Features for 3202 S 23rd Street
General Information
Standard status
Active
Size
111,611 SF
Property subtype
Retail
Occupancy
97%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Northmarq - Seattle
Listed By:
Sean Tufts · License #WA 74057
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 5:39PM
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 Northmarq - Seattle
Investment Insights
Based on property information with market context.
TACOMA CENTRAL is a stabilized retail shopping center totaling 111,611 square feet, shadow-anchored by Target and Hobby Lobby. The property is 97% occupied, with 86% of the GLA leased to national tenants including T.J. Maxx, Dollar Tree, Office Depot, and PetSmart.
The center is positioned along Highway 16, which connects I-5 in Tacoma to the affluent city of Gig Harbor and the Kitsap Peninsula, providing strong highway access. Nearby draws include a Walmart Supercenter, Allenmore Hospital, and the nearby 6th Avenue District, Tacoma’s preeminent retail and business corridor.
For investors and serious retailers, Tacoma Central offers a largely national-tenant mix within a stabilized, high-occupancy retail environment anchored by Target and Hobby Lobby.
The center is positioned along Highway 16, which connects I-5 in Tacoma to the affluent city of Gig Harbor and the Kitsap Peninsula, providing strong highway access. Nearby draws include a Walmart Supercenter, Allenmore Hospital, and the nearby 6th Avenue District, Tacoma’s preeminent retail and business corridor.
For investors and serious retailers, Tacoma Central offers a largely national-tenant mix within a stabilized, high-occupancy retail environment anchored by Target and Hobby Lobby.
Key Highlights
- Stabilized 111,611 SF shopping center shadow‑anchored by Target and Hobby Lobby (NAP).
- 97% occupied shopping center with 86% of GLA leased to national tenants.
- National tenant lineup includes T.J. Maxx, Dollar Tree, Office Depot, and PetSmart.
Property Analytics
Current Use
Lease Details
97%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,807
Businesses Nearby
560k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 50%
Dining 18%
Apparel 13%
Shops & Services 12%
Walmart
Superstores
147,282 visits/mo
0.3 miles
Target
Superstores
134,924 visits/mo
0.2 miles
T.J. Maxx
Apparel
59,174 visits/mo
0.1 miles
McDonald's
Dining
41,424 visits/mo
0.4 miles
PetSmart
Shops & Services
24,568 visits/mo
0.2 miles
Demographics for 98405, WA
24,617
Population
11,645
Households
2.1
Avg Household Size
37
Median Age
31%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
6,004
Density / Sq Mi
$80,024
Median Household Income
$51,028
Median Earnings
$1,480
Median Rent
$443,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Stabilized shopping center shadow-anchored by Target and Hobby Lobby with 97% occupancy and strong national tenant presence.
Where is this shopping center located?
The property is located at 3202 S 23rd Street Tacoma, WA.
What are key features of this property?
This property features: Stabilized 111,611 SF shopping center shadow‑anchored by Target and Hobby Lobby (NAP).; 97% occupied shopping center with 86% of GLA leased to national tenants.; National tenant lineup includes T.J. Maxx, Dollar Tree, Office Depot, and PetSmart.
