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2901 6th Ave
Tacoma, WA 98406
O'Reilly Auto Parts · Retail Property For Sale
Investment Highlights
- Average 6.19% CAP RATE OVER SIX (6) YEAR LEASE TERM! Current 5.75% cap rate - increases to 6.28% January 1, 2025
- Long historical occupancy at this location - O'Reilly recently extended lease term showing commitment to the site
- Seattle/Tacoma High Growth Market
- O'Reilly Auto Parts, Investment Grade Credit Tenant S&P Rating BBB+, (NASDAQ:ORLY), Ranked #279 on Fortune 500
- New roof in 2021
- No state tax in Washington State
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,500 SF
Building Class
C
Year Built/Renovated
1941/1992
Tenancy
Single
Building Height
1 Story
Building FAR
0.54
Lot Size
0.28 AC
Zoning
NCX
Parking
19 Spaces (2.92 Spaces per 1,000 SF Leased)
Frontage
127’ on 6th Ave
Amenities
- Bus Line
Property Taxes
| Parcel Number | 324500-2763 | Improvements Assessment | $536,100 |
| Land Assessment | $888,900 | Total Assessment | $1,425,000 |
Property Taxes
Parcel Number
324500-2763
Land Assessment
$888,900
Improvements Assessment
$536,100
Total Assessment
$1,425,000
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