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2401 N Pearl St

43,327 SF Retail Building Tacoma, WA 98406 $7,312,057 CAD ($169 CAD/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

Big Lots rent is $7/SF/Year, providing future rental upside if the investor were to get the space back from Big Lots
Historically and presently one of the top performing Big Lots in the region. This location is not on the store closure list
Single Tenant asset with minimal Landlord obligations

The $117/SF offering price is significantly below replacement cost
Significant Access, Frontage and Visibility - Big Lots benefits from excellent access and visibility on the highly trafficked Pearl Street
Big Lots anchors Westgate South Shopping Center with strong adjacent tenancy of Planet Fitness, Starbucks, McDonald’s, and MOD Pizza

EXECUTIVE SUMMARY

The Offering is a 43,327 SF single tenant Big Lots located in the Westgate South Shopping Center. The Offering benefits from a below market rent, low price/SF, future upside, and an excellent location in a high income neighborhood retail corridor.
This Big Lots location has consistently been a top performing store and will be the only Big Lots located in Pierce County based on the announced store closures.

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