2217 Pearl StTacoma, WA 98406

This exceptional investment opportunity presents a 22,336-square-foot, single-tenant Planet Fitness located at 2217 N Pearl St in Tacoma, WA, within the Westgate South Shopping Center. The property, built in 1989 and extensively renovated in 2018, sits on a 1.895-acre lot and features a single-story building. The absolute NNN lease with a highly creditworthy, 80+ unit Planet Fitness franchisee ensures a stable income stream. Significant improvements include a new HVAC system, upgraded electrical, plumbing, and gas lines, and a new roof. The lease is structured to provide both stability and growth potential for the tenant, offering a secure investment for the landlord. The asking price is $5,000,000, translating to $223.85 per square foot. This property offers a compelling combination of a strong tenant, a well-maintained building, and a desirable location in a thriving retail center. The investment highlights include a secure income stream from a financially sound tenant and a long-term lease. This is an ideal opportunity for investors seeking a low-risk, high-return investment in a prime retail location. The property's location in Pierce County, WA, zip code 98406, provides excellent access to a large customer base.