6610 Tacoma Mall Blvd - Freestanding FOR SALE
Tacoma, WA 98409 |
6610 Tacoma Mall Blvd
Tacoma, WA 98409
HIGHLIGHTS
- Located in Seattle MSA - High Density Market - This store has over 312,191 residents within a 5-mile radius.
- 8 Years Remaining with a 10% Bump in 3 Years - La-Z-Boy has 8 years remaining on the lease with four, 5-year extension options and 10% rental increase
- Brand New 2021 Store Remodel including New Roof - Landlord replaced the roof last summer which includes a 20-year warranty.
- Corporate Guaranty From Publicly Traded Company - La-Z-Boy Incorporated (NYSE: “LZB”) is a publicly traded company with $1.7 billion in revenue spanni
- Strong Operating History and Recession Resistant Tenant - La-Z-Boy has been serving its clients since 1927 and has experienced many economic cycles
- Rent / SF is Below Market with Room for Growth - La-Z-Boy is currently paying $20.25 / sq. ft, which is slightly below market for comparable propertie
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
La-Z-Boy Furniture Galleries
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Department Store
TOTAL BUILDING SIZE
22080
STORIES
1
YEAR BUILT
1992
SPRINKLERS
-
PARKING SPACES
34
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
032030-5001
