Lakewood Square Neighborhood Center FOR SALE


Lakewood, WA - Lakeview Tacoma
$10,380,000 USD
206-747-4338
, Lakewood, WA for Sale
$10,380,000 USD
FOR SALE
1/7
null | 7.29% Cap Rate

Lakewood Square Neighborhood Center
Lakewood, WA
Lakeview Tacoma


HIGHLIGHTS

  • Goodwill recently signed a 10 year lease extension and has 20+ years of occupancy at Lakewood Square
  • Majority of leases feature 3%+ annual increases
  • Offered at $192 PSF – Well below construction cost
  • Excellent mix of national and local tenants

OVERVIEW

Kidder Mathews is pleased to present the opportunity to acquire Lakewood Square, a multitenant neighborhood shopping center anchored by credit tenant Goodwill. Goodwill has operated at the center since 2004 and executed a new 10-year lease extension in July 2024. The property includes five buildings featuring a well-rounded mix of national and local tenants, offering value retail, dining, and service-based uses. Strategically positioned at a signalized intersection in a high-traffic area, Lakewood Square provides convenient access from both Mt. Tacoma Drive and Lake Grove Street. Located within the Central Business District (CBD), the property benefits from strong connectivity, surrounded by bus stops and just a 15-minute drive to several Link Light Rail stations. Nearby points of interest include St. Joseph’s Hospital, South 25th, Hilltop District, Union Station/South 19th, and the Convention Center/South 15th. Lakewood Station and South Tacoma Station are also just five minutes away, offering excellent regional accessibility.

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.