6108 Mt Tacoma SW Dr Lakewood, WA 98499-2745

This exceptional 11,866 square foot, two-story shopping center in Lakewood, WA, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong 6.70% cap rate, the property generates a substantial net operating income (NOI) of $207,574. Anchored by Hess Bakery & Deli and a German Pastry Shop, both established tenants since 1980, the center also houses a salon, dance school, and counseling center. The property benefits from a prime location between two signalized intersections, enjoying high visibility with over 32,000 vehicles passing daily, and significant foot traffic from a nearby 60,000 square foot office building. All tenants have annual CPI rent increases, ensuring consistent income growth. The 33,541 square foot lot provides ample space, including 49 parking spaces. Situated near Joint Base Lewis-McChord, the property benefits from a large, affluent residential population within a five-mile radius. Lease extensions are currently under negotiation with several tenants, further solidifying the long-term value of this investment. The asking price is $3,100,000, representing a price per square foot of $261. This well-maintained property, built in 1980, offers a stable and lucrative investment opportunity with significant upside potential.