3106-3110 Sumner Tapps Hwy E Lake Tapps, WA 98391

Forest Canyon at 3106–3110 Sumner Tapps Hwy E, Lake Tapps, WA 98391 is a rare value-add retail strip center positioned in one of East Pierce County’s most desirable and fast-growing communities. This two-building asset totals 16,432 SF on 6.93 acres, offering strong frontage on busy Sumner Tapps Highway E, excellent visibility, and convenient access to WA-410 and SR-167. Built in 1997 and configured for flexibility, Forest Canyon features a diverse mix of service, dining, and professional tenants, plus a 5,603 SF vacant suite that creates immediate upside for lease-up and income growth. With 100 parking stalls, Neighborhood Center zoning, and a location surrounded by affluent residential neighborhoods and waterfront homes, the property is well-positioned to serve Lake Tapps’ expanding consumer base. This is an opportunity to acquire a high-profile neighborhood center with in-place NOI of $182,040 and projected pro forma NOI of $428,686 by 2028. Supported by strong household incomes, limited competing supply, and long-term market fundamentals, Forest Canyon offers investors both current income and compelling future upside.