111 S 38th Street, Tacoma WA, 98418

Provided by NWMLS, Listed by Kidder Mathews

Active

111 S 38th Street

Tacoma WA, 98418

$10,990,000

Active

Commercial

Built in 2003

The Verger Team is pleased to present a rare opportunity to acquire a Corporate Leased Single-Tenant NNN 24-Hour Fitness with over 13 years remaining on the lease. In 2018, 24 Hour Fitness invested $3M in tenant improvements and recently waived their one-time right to an early termination, solidifying their long-term commitment to the property and showcasing their confidence in the location. Strategically located on S 38th St, Tacoma's primary retail corridor, the property is surrounded by national retailers like Costco, Target, and Walgreens. Its proximity to major highways, including Hwy 16 and I-5, ensures high visibility and ease of access, positioning this asset for long-term success.

2309863

MLSⓇ ID

November 11, 2024

Listed

November 22, 2024

Updated

Map

111 S 38th Street
Tacoma WA, 98418

Interior Features

Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 3.67 Acres
Sewer: Septic Tank

Other Property Details

Area Name: 54 - South Tacoma
Garage: No
Parking Total: 0
View: No
County: Pierce
Pool: No

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 12/23/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 12/23/2024 at 3:00 AM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data last updated on 12/23/2024 at 3:00 AM UTC