For Sale
$2,000,000

16009 60Th StSumner, WA 98390

High-yield, multi-tenant retail investment. Excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional investment opportunity presents a fully leased, multi-tenant retail complex located at 16009 60th St E, Sumner, WA 98390. The property, situated on a nearly one-acre lot (41,982 sq ft), comprises three buildings totaling 7,660 net rentable square feet. Built in 1960, the complex currently houses four tenants under a triple net (NNN) lease structure, offering a strong 7.80% capitalization rate. The asking price is $2,000,000. The property's prime location at the intersection of 60th St E and 160th Avenue E in Sumner, WA, provides excellent visibility and accessibility. The buildings are complemented by additional structures including a greenhouse and a gazebo/potting shed. The Neighborhood Commercial zoning allows for diverse potential uses, presenting significant upside for future income generation. This is an ideal investment for those seeking a stable, high-return property with potential for future growth in a desirable location. The property's four units are currently occupied by restaurant tenants.

Property Details for 16009 60Th St

Property type
Retail properties, Restaurants
Year Built
1960
Buildings
3
Units
4

Location Insight

City
Sumner
County
Pierce
State
Washington
Latitude
47.203202325641
Longitude
-122.21620144233
16009 60Th St, Sumner, Washington

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16009 60Th St
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