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Cleanwater Centre Building 12 210 Tumwater Blvd SW 6,000 SF 100% Leased Retail Building Tumwater, WA 98501 $1,375,000 ($229.17/SF) 6.25% Cap Rate
EXECUTIVE SUMMARY
Recently renovated single story 6,000 sqft retail/office! Property rebuilt from the ground up in 2025, all new roof, siding, doors, windows, electrical, HVAC systems and much more! Property is 100% occupied, all 3 sites are tenant occupied. 7 year leases in place, with option to renew. Located off of Tumwater Blvd, minutes from freeway. Tumwater is undergoing through tremendous growth, potential for more growth and income with increased population growth. 70+ years remaining on ground lease! Ground lease fee includes property taxes, landscaping, security services, garbage service, parking lot maintenance and courtyard maintenance, lighting for common areas. Don't miss out on this opportunity! Sister building next door also available with 1 suite that can be occupied by owner. Contact LA for special pricing if both buildings purchased together.
FINANCIAL SUMMARY (ACTUAL - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$124,000
|
$23.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$124,000
|
$23.87
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$32,000
|
$6.16
|
| Net Operating Income |
$92,000
|
$17.71
|
FINANCIAL SUMMARY (ACTUAL - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $124,000 |
| Annual Per SF | $23.87 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $124,000 |
| Annual Per SF | $23.87 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $32,000 |
| Annual Per SF | $6.16 |
| Net Operating Income | |
|---|---|
| Annual | $92,000 |
| Annual Per SF | $17.71 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
C
Year Built
2026
Price
$1,375,000
Price Per SF
$229.17
Cap Rate
6.25%
NOI
$86,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
5.31 AC
Zoning
TC - Town Center
Parking
150 Spaces (25 Spaces per 1,000 SF Leased)
Frontage
100’ on Tumwater Blvd
AMENITIES
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
1 of 17
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Cleanwater Centre Building 12 | 210 Tumwater Blvd SW
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