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118 Tacoma Ave 118 Tacoma Ave N 2,000 - 3,559 SF of Retail Space Available in Tacoma, WA 98403
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,000-3,559 SF | Negotiable | $27.92 CAD/SF/YR $2.33 CAD/SF/MO $99,362 CAD/YR $8,280 CAD/MO | Triple Net (NNN) |
1st Floor
A quaint 4,300 SF building located next to Shake Shake Shake. It boasts a nice store front, a great cotenant and incredible visibility. Short or long term lease available. Steps away from Stadium Thriftway, Moshi Moshi, Salamones Pizza, Indo Street Eatery and many more retail tenants! Great retail or office opportunity.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 3,559 SF | Gross Leasable Area | 3,999 SF |
| Min. Divisible | 2,000 SF | Year Built/Renovated | 1945/1996 |
| Property Type | Retail | Parking Ratio | 0.75/1,000 SF |
| Property Subtype | Storefront |
| Total Space Available | 3,559 SF |
| Min. Divisible | 2,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 3,999 SF |
| Year Built/Renovated | 1945/1996 |
| Parking Ratio | 0.75/1,000 SF |
ABOUT THE PROPERTY
The district is located between the North Slope residential neighborhood and the Stadium Business District and the Hilltop neighborhood further to the south. The area shares more in common with Tacoma's downtown owing to its urban nature and large population of apartment-dwelling working class residents. The area consists primarily of single family homes, apartment & condominium buildings, some with views of Commencement Bay. It is one of the hottest retail markets in Tacoma! Only 2,000 SF is available to rent.
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
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118 Tacoma Ave | 118 Tacoma Ave N
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