2315 N Pearl Street (Status: Available) 1780000

2315, Pearl St, Tacoma, WA  98406

10-Year, Absolute Net Ground Lease Located at Westgate South Shopping CenterThe Offering is a 1,650 SF Shell gas station and car wash adjacent to the Westgate South Shopping Center, a 125K+ SF shopping center anchored by Big Lots and Planet Fitness. The property is positioned directly at the intersection of North Pearl Street and North 26th Street, a dynamic daily needs trade area exposed to over 23,000 VPD and high-density surrounding residential. Shell Oil is a global oil and gas company with more than 25,000 locations worldwide and has occupied the property since construction in 1983. This Shell location is leased by PacWest Energy, who currently pays ~30% below-market ground rent at $96K, and has recently signed a lease extension through April 2033 with a 10% base rent increase in Ap

Listing Details

Asset Class: Retail
Year Built: 1987
Building Total Square Feet: 36578
Available Lease Space Square Feet: 1650
Number of Floors: 1
Total Parking Spaces: 0
Local Zoning Information: CCX

Listing Courtesy of: Northmarq Commercial, LLC

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.