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111 S 38th St
Tacoma, WA 98418
 24 Hour Fitness · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Corporate Guaranteed Lease: 24 Hour Fitness USA, Inc., a premier fitness chain with over 300 clubs nationwide, guarantees the lease, providing investo
  • Extensive Tenant Improvements: 24 Hour Fitness has been a valued tenant since 2018, and invested over $3 million in tenant improvements, demonstrating
  • Prime Location: Located in a densely populated area of Tacoma, benefiting from significant daily foot and vehicle traffic. Situated in a neighborhood
  • Recent Waiver of Termination Right: 24 Hour Fitness had a once time option to terminate their lease in September of 2024. They waived this right highl
  • Built-in Inflation Protection: Future ownership will benefit from 10% rent increases every five years, offering a hedge against inflation and consiste
  • Minimal Landlord Responsibility: Operating under a Triple Net (NNN) lease, 24 Hour Fitness assumes nearly all property expenses, including taxes, insu

PROPERTY FACTS

Property Type
Retail
Property Subtype
Health Club
Property Size
44,647 sq ft
Costar Property Class
B
Year Built/Renovated
2003/2017
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Plot ratio
0.28
Total Plot Size
3.67 ac
Use Class
CCX
Parking
110 Spaces (2.46 Spaces per 1,000 sq ft Leased)
Frontage
290 ft on S 38th St

AMENITIES

  • Bus Route
  • Signage

PROPERTY TAXES

Parcel Number 747002-1611 Improvements Assessment £6,532,621
Land Assessment £2,341,708 Total Assessment £8,874,329

PROPERTY TAXES

Parcel Number
747002-1611
Land Assessment
£2,341,708
Improvements Assessment
£6,532,621
Total Assessment
£8,874,329
 

  • Listing ID: 33840074

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: 111 S 38th St, Tacoma, WA 98418

The Eastside Retail Property at 111 S 38th St, Tacoma, WA 98418 is no longer being advertised on LoopNet.co.uk. Contact the agent for information on availability.

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