Former Walgreens | High Yield Cash Flow 2024 6th Ave 13,309 sq ft Retail Property Tacoma, WA 98403 For Sale

We are pleased to present the Walgreens property located at 2024 6th Ave in Tacoma, Washington (“The Property”) for sale. This vacant commercial property has a guaranteed lease term of approximately 11 years offering a high-yield cash flow for the next decade, allowing owner-users or investors to assess future development opportunities.
Tacoma is Washington's third most populous city with approximately 250,000 residents in a 5-mile radius of the Property. The city is expected to surpass Spokane, WA, by 2027, as Washington’s second-largest city. Positioned just 1.3 miles west of downtown Tacoma, the property benefits from this growth with private investments, exceeding public funding by nearly a 4:1 ratio, which has poured over $1 billion into downtown Tacoma. This includes developments such as "The Rook," a 386-unit complex, "Cornus House," a 199-unit complex, "Proctor Flats," a 95-unit complex, and "Aspire 11 a 343,000 SF mixed-use project which consists of retail and 289 apartment units.
The Property is also in close proximity to several educational institutions. Within a 1-mile radius of the Property, The University of Puget Sound and Bates Technical College have a combined 9,100 students. Additionally, the University of Washington has a Tacoma Campus (2.3 mi SE) that enrolls 4,814 students across its 46-acre campus comprising of 22 buildings.

Listed in conjunction with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, WA DRE Lic. 27380.