Shell Pad - Westgate

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5744 N 26th St, Tacoma , WA 98407
Shell Pad - Westgate
The offering is a 1,248 SF Shell gas station and car wash adjacent to the Westgate South Shopping Center, a 125K+ SF shopping center anchored by Big Lots and Planet Fitness, which recently received $375K in facade updates that has led to an increase in leasing momentum. The property is positioned directly at the intersection of North Pearl Street and North 26th Street, a dynamic daily-needs trade area exposed to over 23,000 VPD and high-density surrounding residential. Shell Oil is a global oil and gas company with more than 25,000 locations worldwide and has occupied the property since construction in 1983. This Shell location is leased by PacWest Energy, who currently pays below-market ground rent at $125K, and has recently signed a lease extension through April 2033 with a 10% base rent increase in April 2028, increasing yield by 52 basis points.
Kevin Adatto
Managing Partner (Commercial)
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Sean Tufts
Managing Partner (Commercial)
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