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3901 S STEELE ST
TACOMA, WA 98409-7333
Asking Price
$4.29M
Cap Rate
7%
Asset Type
Retail
Class
Class B
What's Special
Red Robin | NNN Lease | 40 Year Occupancy History | Strong Store Sales <ul><li>Long-Term Commitment: Red Robin has occupied this build-to-suit location since 1983</li><li>Healthy Rent to Sales Ratio: Store sales are reported monthly and this location has a healthy 7.4% rent to sales ratio</li><li>Large Customer Base: Tacoma is the 3rd most populous city in Washington State with over 220,000 residents</li><li>Outstanding Location: Located just off of Interstate 5 and at the main entrance to the Tacoma Mall. The property is surrounded by other popular national re
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NOI
$80,000
Cap Rate
1.87%
DSCR
0.31
Underwater
Cash-on-Cash
-13.57%
Monthly Payment
$21,199.842
Annual Cash Flow
$-174,398.104
