12134 Pacific HwyLakewood, WA 98499

For Sale
$1,097,000

High-traffic, triple-net leased retail property.

Overview

Added:
Feb 3
Days on market:
39
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

Property Details for 12134 Pacific Hwy

Property type
Other commercial real estate
Year Built
1941

Location Insight

City
Lakewood
County
Pierce
State
Washington
Latitude
47.147
Longitude
-122.5092
12134 Pacific Hwy, Lakewood, Washington

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12134 Pacific Hwy
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