305-912-2133
12421-12431 Totem Lake Blvd, Kirkland, WA for Sale
Drug Store - FOR SALE
1/8
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12421-12431 Totem Lake Blvd
Kirkland, WA 98034
Totem Lake


HIGHLIGHTS

  • Strategic Location: Adjacent to The Village at Totem Lake—a 360,000 SF lifestyle center anchored by Whole Foods, Trader Joe’s, Lululemon, Sephora
  • Strong Demographics: Over 111,000 residents within a 3-mile radius, with an average household income exceeding $164,000.
  • High Traffic Volume: More than 62,000 vehicles per day at the intersection of Totem Lake Blvd and NE 124th Street.
  • Tight Retail Market: Only 1.5% vacancy in the Totem Lake submarket, reflecting high demand and limited availability.

OVERVIEW

Premier retail opportunity at 12421 Totem Lake Blvd NE—a former Rite Aid with unmatched visibility and access in Kirkland’s most dynamic growth hub. This ±11,190 SF freestanding building features a grandfathered double drive-thru—a rare and invaluable asset for drive-thru users in a market where new approvals are nearly impossible. Located in a high-growth, high-barrier-to-entry neighborhood, this property is ideal for retail, medical, or QSR users seeking a rare opportunity in one of the Eastside’s most desirable locations—backed by strong demographics, built-in foot traffic, and a dynamic retail environment.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,900 SF

ZONING

TL 4A, Kirkland

APN/PARCEL ID

282605-9138

ASK ABOUT THIS PROPERTY

Niko MicinZebra CapitalMore Info
305-912-2133

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Niko MicinZebra CapitalMore Info
305-912-2133

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.