111 38Th StTacoma, WA 98418

This exceptional investment opportunity presents a single-tenant, net-leased 24 Hour Fitness center located at 111 S 38th Street, Tacoma, WA. The property boasts a remarkably stable lease with over 13 years remaining, providing significant long-term income potential. The tenant, 24 Hour Fitness, recently demonstrated their strong commitment to the location by forgoing a one-time early termination option. Further solidifying this commitment, the tenant invested $3 million in tenant improvements in 2018, showcasing their confidence in the property's performance and the surrounding market. This prime location sits on South 38th Street, a major retail corridor in Tacoma, surrounded by other national retailers such as Costco, Target, and Walgreens, ensuring high visibility and consistent foot traffic. The property's strategic positioning near major highways, including Highway 16 and Interstate 5, provides exceptional accessibility for both customers and employees. This combination of a strong tenant, long-term lease, significant tenant investment, and prime location makes this a truly exceptional investment opportunity in the thriving Tacoma market. The property is offered at $10,990,000. The listed acreage is zero. The square footage is not provided. This is a general commercial property.