Tahoma Vista Shopping Center

Price: $24,000,000

NOI: $1,476,963

Cap Rate: 6.15%

Building SF: 116,865 SF

Land SF: 431,522 SF

Status: Active

TAHOMA VISTA SHOPPING CENTER (“the Center”) presents the opportunity to acquire a fully redeveloped, 100% leased, grocery anchored center in Tacoma, WA. The Center is 99% leased to nationally recognized tenants with strong credit and is anchored by Grocery Outlet, Big Lots, and Urban Air Adventure Park. The offering benefits from low anchor rents, successful tenants, seasoned tenancy, 7.4 years of WALT, fully remodeled physical plant, and high-quality free-standing pads. With only six tenants, lease term, and a new physical plant, the Center operates as a net lease deal with ease of management.