710 Trosper Rd SW
Tumwater, WA 98512
New Construction Smart Foodservice · Retail Property For Sale

Kidder Mathews is pleased to offer for sale a new construction, single tenant Smart Foodservice investment property. The property is a build to suit for Smart Foodservice (formerly Cash & Carry) and opened for business in December 2018. The tenant will sign a 15 year lease at closing that includes four, 5-year renewal options and 7.5% rent increases every 5 years throughout the initial term and options. The site is located off Interstate 5 in Tumwater, Washington and is surrounded by a strong mix of residential and retail properties, including Walgreens, Fred Meyer, Costco, Walmart, and Home Depot. The Olympia-Lacey-Tumwater region recently ranked in the top 25 fastest-growing metro areas according to a recent U.S. Census report. Tumwater is located 60 minutes south of Seattle. The MSA includes a population of over 270,000 residents. This is an excellent passive investment that is well suited for a 1031 exchange. Minimal landlord responsibilities and new construction will limit any near-term maintenance on the building that the landlord would be responsible for. Smart Foodservice (formerly Cash & Carry) provides foodservice supplies to businesses, non-profit organizations, and households. Headquartered near Portland, Oregon, Smart Foodservice is a wholly-owned subsidiary of Smart & Final Stores, Inc. and has operated throughout the Northwest for more than 60 years. The division currently has 64 wholesale stores located in Washington, Oregon, California, Idaho, Montana, Nevada, and Utah catering to the foodservice industry.