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Property profile & analytics
FOR LEASE
Sports & entertainment properties

4831 Point Fosdick Dr NW Gig Harbor, WA 98335

0.33 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US90-2707774
Property summary
AI-generated overview

Point Fosdick Square, located at 4831 Point Fosdick Drive NW in Gig Harbor, WA 98335, presents a unique investment opportunity within a thriving retail environment. This 183,898 square foot strip center boasts a prime location in the CBA Gig Harbor submarket of Pierce County, offering excellent visibility and accessibility. Currently, there are three available spaces ranging from 1,399 to 4,194 contiguous square feet, totaling 9,189 square feet of vacant space. The property is strategically situated near Olympic Dr NW, providing convenient access for customers. Point Fosdick Square is a premier shopping destination, already home to established national retailers such as Safeway, Kohl's, and Michael's, ensuring high foot traffic and a strong tenant mix. Its proximity to Uptown Gig Harbor, anchored by a Galaxy Theatre (IMAX), Home Goods, Chico's, and other popular local and national retailers and restaurants, further enhances its desirability. On-site parking is available for ample customer convenience. This property offers a compelling opportunity for businesses seeking a high-traffic location within a vibrant and established retail center. The minimum divisible space is 1,399 square feet, making it suitable for a variety of retail and restaurant concepts.

Property profile
Verified
Property type Sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Lot 0.33 ac (14,397 SF)
APN 4003030011
UPID US90-2707774
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Western Union Bank Credit Union
  • Coinstar Bank Credit Union
  • Safeway Fuel Station Gas Station
  • Robert Satterthwaite Pharmacy
  • Amazon Locker - Kebab Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ds Properties 18 LP · 7 yrs held
Ds Properties 18 LP
since 2019
4 recorded transactions
2019
Price N/A
2018
$68.1M
2014
$59.1M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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