Gateway Center Retail FOR SALE


Shelton, WA
$7,960,000 USD
206-747-4338
, Shelton, WA for Sale
$7,960,000 USD
Retail - FOR SALE
1/2
null | 7.75% Cap Rate

Gateway Center
Shelton, WA


HIGHLIGHTS

  • DSHS and Mason General Hospital have occupied the property for 20+ years.
  • Extremely low average rental rate of $13.42 psf, substantially below market average.
  • Huge value-add opportunity by raising rents and converting leases to NNN.
  • Neighboring McDonald’s (NAP) is ranked in the 90th percentile per Placer.ai, providing strong consumer traffic and a high performing retail center.

OVERVIEW

Kidder Mathews is pleased to present the opportunity to acquire the Gateway Center in Shelton, Washington, a 100% occupied shopping center investment anchored by Department of Social & Health Services (DSHS) and Mason General Hospital. Both tenants have occupied the property for 20+ years, providing a strong foundation of consistent occupancy and dependable cash flow. The average rental rate at the Gateway Center stands at an exceptionally low $13.42 psf – substantially below market averages – creating a compelling value-add opportunity through base rent increases and transitioning leases to NNN lease structures.

ASK ABOUT THIS PROPERTY

David GellnerKidder MathewsMore Info
206-747-4338

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David GellnerKidder MathewsMore Info
206-747-4338

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.