Dark Walgreens | ±$2M Guaranteed Income 5602 Pacific Ave 14,000 SF 100% Leased Retail Building Tacoma, WA 98408 $3,545,455 ($253.25/SF) 11% Cap Rate

We are pleased to present for sale the former Walgreens property located at 5602 Pacific Avenue, Tacoma, WA 98408 (the “Property”). The building consists of approximately 14,000 square feet, including a 4,000 square foot mezzanine, and is currently under an absolute net lease through September 30, 2030, with zero landlord responsibilities.
The Property benefits from high visibility and convenient access, with over 32,900 vehicles per day and draws from a population of over 283,000 residents within a 5-mile radius, with average household incomes of approximately $89,000.
The Property is located 3.7 miles south of Downtown Tacoma, a key economic and cultural hub for the Pacific Northwest. Additionally, the site is located near Joint Base Lewis-McChord (JBLM), one of the largest military installations on the West Coast. JBLM employs over 45,000 service members and civilian personnel, and supports more than 120,000 military retirees and over 29,000 military families, serving as a significant economic driver for the region.
This offering represents an attractive opportunity for investors seeking stable in-place income and longer-term value-add upside through repositioning or redevelopment. With strong local demographics, strategic regional connectivity, and major nearby employment anchors, the property is well-positioned in one of Washington’s most dynamic growth corridors.
Listed in conjunction with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, WA DRE Lic. 27380.