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5765 Littlerock Road SW - Tumwater Center, Tumwater, WA

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5765 Littlerock Road SW - Tumwater Center

Tumwater, WA 98512 - Tumwater/S Olympia Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2003
Building Size:12,120 SF Land Area:1.27 AC (55,321 SF)
For Sale Price:$3,595,000 Price/SF:$296.62
Cap Rate:6.12 %
Parking:Free Surface spaces are available; Ratio of 5.07/1,000 SF
Features:Bus Line, Dedicated Turn Lane, Pylon Sign, Restaurant, Signage, Signalized Intersection, Central Employment Area



Sale Notes:
HIGHLIGHTS
This highly visible and well maintained 12,120 SF retail center across from Home Depot, Costco, Walmart and Fred Meyer is 100 % leased and strategically positioned on a corner lot with access points from a signalized intersection along Littlerock Road. Just a short distance to Interstate 5 on and off ramps and just a few minutes from the state capitol, major area employers, and one of the largest air force bases in the nation.
STRONG CREDIT TENANTS
Fully leased with a mix of nationally recoGnized, strong-credit tenants and long-term neighborhood owner/operator tenants for a diversity of foot traffic and stability in the center. Mattress Firm has been at this location since original construction in 2004. The property generates an additional $5,562.00 annually with CPI escalations on a long-term parking lot lease to Twinstar Community Credit Union.
FULLY LEASED, NNN INVESTMENT
Passive income property with minimal Landlord responsibility. Stable operating income recently signed leases and built-in escalations. Should Best Buffet, a month to month tenant, vacate, their large suite can be demised and leased at higher rates.
PROVEN LOCATION & PATH OF GROWTH
Tumwater Center's proven location is strategically located along Littlerock Road, with sees an average of 15,500 vehicles per day. As an outlet from I-5 Trosper Road Exit, and part of the dense retail landscape nearby, the site has excellent access and exposure to the area.

Agency One
Sutko Gojak
(360) 521-4318




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