Overview

Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the 43,327 SF Big Lots Located at 2401 N Pearl Street in Tacoma, Washington. This Opportunity Includes a National Credit Tenant Perceived as One of the Most Desirable Within the Pacific Northwest Region Located in the Seattle Metropolitan Area, Providing For a Secure Investment.

In Cooperation With Marianne Christian – WA Lic. #12244
KW Commercial Eastside WA Lic. #18839

Highlights

• Big Lots is a National Credit Tenant and Perceived as One of the Most Desirable Tenants Within the Pacific Northwest Region
• Over 7 Years Remaining of Initial Term With Two (2) – Five (5) Year Options to Extend
• Big Lots Serves as the Shadow-Anchor Tenant Located in a High Density Shopping Center (NAP) Surrounded By a Highly Synergistic Mix of Amazon Resistant National Retail Tenants Which Draws in an Abundance of Traffic to the Center
• Significant Frontage and Visibility – Big Lots Contains the Most Visibility With the Shopping Center and Along N Pearl Street Making it the Highlight Amongst the Tenants
• Coupon Clipper Investment – STNL Asset, Providing a New Investor With Minimum Property Oversight and Management Making Big Lots a Pride of Ownership, Easy Asset to Own For Both In-State and Out-of-State Investors
• High-Barriers to Entry Within the Tacoma Market and Immediate Retail Corridor Creates Minimum Potential Future Development Ensuring the Long Term Success of Big Lots and the Neighboring Shopping Center Tenants
• Parking Lot Entry Points From Three-Four Lane Roads Creating Ease of Access For Traffic Flow In and Out of the Shopping Center to Assure the Success of Big Lots and Neighboring Tenants
• High Traffic Intersections – Big Lots is Strategically Located Right Between Two Signalized Intersections, With Westgate Blvd Directly to the South and N 26th Street
• Directly to the North Both of Which Create a Massive Flow of Traffic Throughout All Hours of the Day
• Tacoma is on the Puget Sound and is Just 32-Miles Southwest of Seattle Which Makes it the Largest Satellite City
• Tacoma Also Serves as the Center of Business Activity For the South Sound Region, Which Has a Population of Around 1 Million Residents
• Tacoma Port is Ranked Number 7 Out of 360 in the U.S. – Making This an Economic Hub of the West Coast
• Tacoma Has Been Named One of the Most Livable Areas in the United States and in 2006 Names the Most Walkable City in the Country
• Ideally Situated Within One of the Primary Retail Corridors For the Tacoma Market, Surrounded By National and Regional Credit Tenants Including: Safeway, Starbucks, Panda Express, Taco Bell, GameStop, McDonald’s and Anytime Fitness

Documents

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