111 S 38th Street, Tacoma, WA 98418 (MLS # 2309863)

Listing provided courtesy of Northwest MLS; Kidder Mathews

PRICE	$10,250,000
SIZE	n/a
LOT SIZE	3.67 ac

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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.

LAST UPDATED	2/24/2025	TRACT	Tacoma
YEAR BUILT	2003	COMMUNITY	Tacoma
COUNTY	Pierce	STATUS	Active
PROPERTY TYPE(S)	Commercial

PRICE HISTORY
Prior to Feb 24, '25	$10,990,000
Feb 24, '25 - Today	$10,250,000

ADDITIONAL DETAILS
AREA	54 - South Tacoma
HEAT	None
LOT	3.6705 acre(s)
MLS STATUS	Active
SEWER	Septic Tank
STYLE	75 - Retail
SUBDIVISION	Tacoma

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 3/14/25 10:33 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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