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Starbucks 2008 6th Ave 824 SF Retail Building Tacoma, WA 98403 $1,225,000 ($1,486.65/SF) 4.38% Cap Rate
EXECUTIVE SUMMARY
Established Starbucks location since 2008
Current Lease Term: 3/1/23 - 2/28/28
Two Remaining Lease Extension Terms: 3/1/28 - 2/28/33 and 3/1/33 - 2/28/38
Price: $1,225,000
Current Lease Term: 3/1/23 - 2/28/28
Two Remaining Lease Extension Terms: 3/1/28 - 2/28/33 and 3/1/33 - 2/28/38
Price: $1,225,000
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
824 SF
Building Class
C
Year Built
2004
Price
$1,225,000
Price Per SF
$1,486.65
Cap Rate
4.38%
NOI
$53,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.09 AC
Zoning
NCX
Parking
5 Spaces (6.07 Spaces per 1,000 SF Leased)
Frontage
58’ on 6th Ave
AMENITIES
- Bus Line
- Signage
- Drive Thru
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 351500-0073 | Improvements Assessment | $258,900 |
| Land Assessment | $261,200 | Total Assessment | $520,100 |
PROPERTY TAXES
Parcel Number
351500-0073
Land Assessment
$261,200
Improvements Assessment
$258,900
Total Assessment
$520,100
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Starbucks | 2008 6th Ave
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