5058 Main StTacoma, WA 98407

This exceptional Tacoma, WA retail investment opportunity encompasses two buildings totaling 45,925 square feet, situated at 5058 Main St, 98407. Building 8, a 45,925 square foot retail space, currently boasts an 82.2% occupancy rate with established tenants including MultiCare Indigo Urgent Care, Obee Credit Union, and Rebels & Lovers clothing store. The second building, the 35,815 square foot Century Theater, is fully occupied by Century Theater, Inc., a subsidiary of the publicly traded Cinemark company. This nine-screen cinema features luxury recliner seating and has been operating successfully since 2015. The property, built in 2018, offers a compelling 7.03% cap rate and is priced at $13,200,000 ($287.43/sq ft). It's important to note that the properties are currently under court-appointed receivership, and any offer will require a sale motion and court approval. Interested parties should review the offering memorandum and due diligence materials available after completing a confidentiality agreement. Further details can be found at the offering website.