Marcus & Millichap’s Brown Retail Group has been selected exclusively to market for sale Browns Point Town Center, a value-add grocery anchored retail center located in Browns Point, an affluent submarket of Tacoma, WA. The property is currently 77% occupied, with pending letters of intent (LOIs) expected to increase occupancy to 87%, offering stable in-place income and immediate upside potential through leasing the remaining vacant suites. In addition, the average base rent at the property is currently $11.16/SF, with over 62% of the GLA operating on month-to-month Modified Gross leases. Market rents are achievable in the $15-$18/SF NNN range. An investor has the opportunity to increase their return to nearly a 12% cap rate through leasing the remaining vacant suites, increasing rents to