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DuPont Station 1520 Wilmington Dr 10,697 SF 84% Leased Retail Building DuPont, WA 98327 $4,300,000 ($401.98/SF) 6.48% Cap Rate



Investment Highlights
- Fully leased multi-tenant retail and office center with immediate cash flow.
- Positioned near Joint Base Lewis–McChord, one of the largest military installations in the U.S.
- Benefits from upcoming master-planned residential and mixed-use projects in DuPont.
- Exceptional location with direct access to Interstate 5 connecting Tacoma and Olympia.
- Surrounded by national retailers, restaurants, and top-tier corporate offices.
- Offering includes well-maintained construction and long-term income stability.
Executive Summary
DuPont Station offers a fully leased, income-producing retail and office asset situated in the heart of DuPont’s primary commercial corridor. This property provides investors with an immediate cash flow opportunity supported by a strong tenant mix and minimal near-term lease rollover, delivering a stable income profile at a 6.48% in-place cap rate. The building comprises modern retail storefronts on the ground floor and professional office suites on the second level, ensuring balanced occupancy across diverse uses.
The property benefits from excellent accessibility along Interstate 5, positioned between Tacoma and Olympia in the Central South Sound region, ensuring connectivity to major employment hubs and residential communities. Its strategic location near Joint Base Lewis–McChord—a significant military installation hosting over 31,000 active-duty personnel and thousands of civilian employees—supports strong demand drivers for goods and services. Surrounding amenities include national retailers, restaurants, corporate offices, and hospitality brands that enhance the area’s commercial vitality.
Priced at $4,300,000, DuPont Station combines quality construction, a well-maintained physical condition, and a desirable location for investors seeking a stable, long-term asset in a growing market. Future development plans within DuPont, including thousands of new housing units and expanded commercial uses, reinforce the property’s upside potential and sustained relevance in this dynamic regional market.
The property benefits from excellent accessibility along Interstate 5, positioned between Tacoma and Olympia in the Central South Sound region, ensuring connectivity to major employment hubs and residential communities. Its strategic location near Joint Base Lewis–McChord—a significant military installation hosting over 31,000 active-duty personnel and thousands of civilian employees—supports strong demand drivers for goods and services. Surrounding amenities include national retailers, restaurants, corporate offices, and hospitality brands that enhance the area’s commercial vitality.
Priced at $4,300,000, DuPont Station combines quality construction, a well-maintained physical condition, and a desirable location for investors seeking a stable, long-term asset in a growing market. Future development plans within DuPont, including thousands of new housing units and expanded commercial uses, reinforce the property’s upside potential and sustained relevance in this dynamic regional market.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,697 SF
Building Class
B
Year Built/Renovated
2004/2008
Price
$4,300,000
Price Per SF
$401.98
Cap Rate
6.48%
NOI
$278,727
Percent Leased
84%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.35
Lot Size
0.70 AC
Zoning
Mixed Used - combines residential, commercial, and retail spaces into integrated developments
Parking
23 Spaces (1.1 Spaces per 1,000 SF Leased)
Frontage
247’ on Wilmington Dr
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Suite 140: 1,675 RSF (former dry cleaner), $27.00 PSF, NNN
| Space | Size | Space Use | Position | Available |
| 140 | 1,675 SF | Retail | In-Line | Now |
140
| Size |
| 1,675 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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140
| Size | 1,675 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Suite 140: 1,675 RSF (former dry cleaner), $27.00 PSF, NNN
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 900982-0040 | Improvements Assessment | $1,835,400 |
| Land Assessment | $775,900 | Total Assessment | $2,611,300 |
Property Taxes
Parcel Number
900982-0040
Land Assessment
$775,900
Improvements Assessment
$1,835,400
Total Assessment
$2,611,300
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
DuPont Station | 1520 Wilmington Dr


