Property Listings

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.

• 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
• Priced at $128 psf, well below replacement cost and featuring 4.86 acres of land area
• Neighboring McDonald’s (NAP) is ranked in the 90th percentile per Placer.ai, providing strong consumer traffic and a high performing retail center, providing strong consumer traffic and draw to the Gateway Center.

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