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$10,990,000
22 Days On Site

111 S 38th Street
Tacoma, WA 98418

For Sale|Retail|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
2003
Built
Subdivision:
Tacoma
County:
Pierce
Days online/new listing status Today's Date - OriginatingSystemModificationTimestamp + CumulativeDaysOnMarket = CDOM.
Courtesy of NWMLS
Listing courtesy of Kevin G. Verger of Kidder Mathews

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

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503-334-1515
111 S 38th Street111 S 38th Street111 S 38th Street111 S 38th Street
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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.

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Listing Snapshot
Price 
$10,990,000
Days On Site 
22 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
3.6705 Acres
Year Built 
2003
MLS® Number 
2309863
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Days online/new listing status Today's Date - OriginatingSystemModificationTimestamp + CumulativeDaysOnMarket = CDOM.
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
3 weeks agoListing first seen on site
General Features
Acres 
3.6705
Additional Property Use 
Retail
Buyer Agent Compensation 
1.5
Property Sub Type 
Retail
Sewer 
Septic Tank
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Community Features
MLS Area 
54 - South Tacoma
Courtesy of NWMLS
Listing courtesy of Kevin G. Verger of Kidder Mathews



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Based on Information submitted to the MLS Grid as of: 2024-10-29 05:00 PM PDT

Neighborhood & Commute
Source: Walkscore
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