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Gateway Center
Shelton, WA

$7,960,000 USD

General Retail For Sale  •  59,981 SF

3 Properties View all

Property Details

• Property Type General Retail
• Cap Rate 7.75 %

0 Transit Score

51 Walk Score

Highlights

DSHS and Mason General Hospital have occupied the property for 20+ years.

Extremely low average rental rate of $13.42 psf, substantially below market average.

Huge value-add opportunity by raising rents and converting leases to NNN.

Neighboring McDonald’s (NAP) is ranked in the 90th percentile per Placer.ai, providing strong consumer traffic and a high performing retail center.

Property Flyers

Gateway Center

Cap Rate:

7.75 %