4022 Pacific SE AVELacey, WA98509

$4,216,000
$200,260 annual income
5270 sq. ft
SqFt20000toAcres1
Zoning: CC
261 days on market

VestorFilter™

Price per ft²$800.00/ft²
Recent price drop$790,500
Time on market261 days

Property Description

Investment Opportunity - Brand new construction, 5,270 SF building leased to MOD Pizza and Five Guys Burgers and Fries, Corporate guaranteed leases. NNN Leases, initial 10 year terms. Landlord only responsible for roof/structure. Tenant pays taxes, insurance, utilities, CAMs. Highly traveled intersection, 65,000 VPD. Center tenants include Chipotle and 7-Eleven C-Store with Fuel. Two monument signs for center. Protective ECRs. Estimated completion Dec 2022. NOI $200,259. Income tax free state.

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Financial Data

Price ChangeDropped $790,500 on 11/28/2022
Total $790,500 drop
Original Price$5,006,500
Current Price$4,216,000

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Home Facts

StatusActive
Year Built2022
Stories1
MLS ID22463907