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Lakewood Commercial Plaza 12930 Pacific Hwy SW 5,614 SF 100% Leased Retail Building Lakewood, WA 98499 $1,035,000 ($184.36/SF) 6.56% Cap Rate
INVESTMENT HIGHLIGHTS
- Strategically Located with I-5 Visibility
- Diverse Tenant Mix
- Strong Historical Occupancy
- Fully-Leased with NNN Leases
- Attractive Basis Below Replacement
- Growing South Puget Sound Market
EXECUTIVE SUMMARY
Built in 1962 and renovated in 2000, the 5,192-square-foot building is divided into three suites, each secured by in-place NNN leases with annual rental escalations. At 100% occupancy, this investment not only mitigates operating risk, but also ensures reliable income growth over time. The tenant mix offers diversification and stability, with long-standing occupants that benefit from the property’s strong visibility and accessibility.
Looking ahead, Lakewood’s continued growth driven by nearby residential developments, military employment at Joint Base Lewis-McChord, and revitalization along Pacific Highway positions the property to capture sustained demand. Investors gain the opportunity to acquire a stabilized, well-maintained asset at an attractive basis in a supply-constrained South Puget Sound market. For more information, please visit: https://www.marcusmillichap.com/properties/188202/deal-room/70015ccb05be5a6c
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Anything Insurance-a Bsnw Company
- Finance and Insurance
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- Services
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CARSTAR is a North American network of independently owned collision repair facilities founded in 1989. The company specializes in auto body repair, paintless dent repair, and storm damage restoration. It operates as a subsidiary of Driven Brands, a major automotive services franchisor. CARSTAR is privately held and has grown to become one of the largest multi-shop operator networks in its sector. The brand emphasizes standardized repair processes and offers a national warranty on qualified repairs. Over the years, CARSTAR has expanded across the United States and Canada, supporting charitable initiatives such as cystic fibrosis research. Its acquisition by Driven Brands in 2015 strengthened its position in the automotive aftermarket industry.
- Pacific Northwest G&C
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Anything Insurance-a Bsnw Company | Finance and Insurance | - | - | - | ||
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Services | - | - | - | ||
| Pacific Northwest G&C | - | - | - | - |
PROPERTY TAXES
| Parcel Number | 021914-2097 | Improvements Assessment | $235,200 |
| Land Assessment | $606,600 | Total Assessment | $841,800 |
PROPERTY TAXES
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Lakewood Commercial Plaza | 12930 Pacific Hwy SW
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