111 S 38th ST Active Save Request In-Person Tour Request Virtual Tour
Tacoma,WA 98418
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Tacoma
MLS Listing ID 2309863
Style 75 - Retail
Year Built 2003
Lot Size 3.671 Acres
Property Description
The Verger Team is pleased to present a rare opportunity to acquire a Corporate Leased Single-Tenant NNN 24-Hour Fitness with over 13 years remaining on the lease. In 2018, 24 Hour Fitness invested $3M in tenant improvements and recently waived their one-time right to an early termination, solidifying their long-term commitment to the property and showcasing their confidence in the location. Strategically located on S 38th St, Tacoma?s primary retail corridor, the property is surrounded by national retailers like Costco, Target, and Walgreens. Its proximity to major highways, including Hwy 16 and I-5, ensures high visibility and ease of access, positioning this asset for long-term success.
Location
State WA
County Pierce
Area 54 - South Tacoma
Building
Sewer Septic Tank
Others
Acceptable Financing See Remarks
Listing Terms See Remarks