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Gateway Center 3 Retail Properties Offered at $10,902,175 CAD in Shelton, WA
Investment Highlights
- DSHS and Mason General Hospital have occupied the property for 20+ years.
- Huge value-add opportunity by raising rents and converting leases to NNN.
- Extremely low average rental rate of $13.42 psf, substantially below market average.
- Neighboring McDonald’s (NAP) is ranked in the 90th percentile per Placer.ai, providing strong consumer traffic and a high performing retail center.
Executive Summary
Kidder Mathews is pleased to present the opportunity to acquire the Gateway Center in Shelton, Washington, a 100% occupied shopping center investment anchored by Department of Social & Health Services (DSHS) and Mason General Hospital. Both tenants have occupied the property for 20+ years, providing a strong foundation of consistent occupancy and dependable cash flow. The average rental rate at the Gateway Center stands at an exceptionally low $13.42 psf – substantially below market averages – creating a compelling value-add opportunity through base rent increases and transitioning leases to NNN lease structures.
Property Facts
| Price | $10,902,175 CAD | Number of Properties | 3 |
| Price / SF | $181.76 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.75% | Total Building Size | 59,981 SF |
| Sale Type | Investment | Total Land Area | 4.02 AC |
| Status | Active |
| Price | $10,902,175 CAD |
| Price / SF | $181.76 CAD / SF |
| Cap Rate | 7.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 59,981 SF |
| Total Land Area | 4.02 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Evergreen Square
2505 Olympic Hwy N, Shelton, WA 98584 |
Retail | 41,610 SF | 1975 | - |
| 2505 Olympic Hwy N, Shelton, WA 98584 | Retail | 15,259 SF | 1976 | - |
| 2503 Olympic Hwy N, Shelton, WA 98584 | Retail | 3,112 SF | 1988 | - |
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Gateway Center
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