8306 Tacoma Mall Blvd Lakewood, WA 98499

Property Details for 8306 Tacoma Mall Blvd

Lot size

1.21 lot acres

Property size

2,800 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a fee-simple owned, single-tenant 7-Eleven convenience store and gas station located at 8306 Tacoma Mall Blvd, Lakewood, WA 98499. The property boasts 2,800 square feet on a 1.21-acre lot and features 12 gas pumps. A complete rebrand and remodel were completed in 2020. The property benefits from a highly visible location with direct Interstate 5 frontage (157,000 vehicles per day) in a densely populated Tacoma submarket. The absolute NNN lease has a remaining term of 10.4 years, with rare 10% rent increases every five years, providing significant long-term income growth. The current annual net operating income (NOI) is $275,000, resulting in a 4.85% cap rate. The asking price is $5,670,100. The lease includes four, five-year options. The property enjoys exceptional access and visibility, situated near major retailers such as Home Depot, Regal Cinemas, Discount Tire, Bass Pro Shops, and Chips Casino Lakewood. With over 313,700 visits in the past year (per Placer AI), this 7-Eleven ranks in the top 20% nationally for annual visits. The tenant, 7-Eleven, Inc., holds an investment-grade credit rating ("A" by S&P) and generated $81.33 billion in revenue in 2023. The 281,000-person population within a 5-mile radius ensures consistent customer traffic. This offering provides a compelling combination of strong tenant performance, favorable lease terms, and a prime location, making it an ideal addition to any investment portfolio.

Location Insight

City

Lakewood

County

Pierce

State

Washington

Longitude

-122.467

Latitude

47.1815