12134 Pacific Hwy SW Lakewood, WA 98499
This exceptional investment opportunity presents a fully occupied three-unit retail strip located at 12134 Pacific Highway SW in Lakewood, WA. The property boasts high visibility and significant traffic due to its prime location on the bustling Pacific Highway. Currently anchored by two established restaurants and a smoke shop, this property offers immediate cash flow and strong tenant occupancy. Each unit operates under a triple-net lease (NNN), meaning tenants are responsible for all operating expenses, minimizing landlord responsibilities and maximizing return on investment. The leases are structured for five years with a favorable 3% annual rent increase, providing predictable and growing income. Ample parking is available, further enhancing the property's appeal to both tenants and customers. The sale includes two tax parcels, offering additional flexibility and potential for future development. The property is situated in a growing area, promising continued appreciation and strong long-term investment potential. This is an ideal acquisition for investors seeking a stable, high-yield commercial property with significant upside. The property's current configuration and strong tenant base provide a solid foundation for future growth and profitability. Please note: Discretion is advised
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La Chele Salvadorean Restaurant Pupuseria Restaurant
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RockItCoin Bitcoin ATM Crypto Atm
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Puyallup smoke shop (Bike/Boat/Book/etc) Store
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Pizza Pizazz Restaurant
The Commercial zoning districts promote employment, services, retail, and business uses serving and linking neighborhoods to Lakewood's major transportation networks
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Lakewood, WAThe Commercial zoning districts promote employment, services, retail, and business uses serving and linking neighborhoods to Lakewood's major transportation networks
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.