25444 Pacific Hwy S - Freestanding FOR SALE


Kent, WA 98032- Lake Fenwick
$10,170,000 USD
503-957-7945
25444 Pacific Hwy S, Kent, WA for Sale
$10,170,000 USD
Freestanding - FOR SALE
1/8
null | 6% Cap Rate

25444 Pacific Hwy S
Kent, WA 98032
Lake Fenwick


HIGHLIGHTS

  • Fully leased retail center occupied by 7 tenants; one parcel to Petco & Sherwin-Williams, and the other 100% leased to five tenants
  • Scheduled rent increases for the majority of tenants provides lift in income.
  • Highly visible pad site of Fred Meyer, exposed to over 27k VPD.
  • High-density demographics with 223,741 residents within a 5-mile radius with average annual incomes of $116,663 within a 1-mile radius.
  • Just 1-mile directly south of brand new LINK Kent-Des-Moines light rail extension set to open in 2026, that will connect the immediate trade area

OVERVIEW

The Offering provides the Opportunity to acquire two fully leased, separately-parceled buildings – one occupied by Petco and Sherwin-Williams, and the other leased to a dynamic mix of national and local tenants, including a Cutters Point Coffee drive-thru and Buffalo Wild Wings GO. All tenants operate on NNN leases with rental upside per scheduled rent increases for four of the seven tenants. The Properties are pad to a successful Fred Meyer operating in the 98th percentile nationally per Placer.ai, in one of the fastest-growing cities in the Seattle MSA. The Properties are offered together.

FOR SALE DETAILS

PRICE

$10,170,000 USD

PRICE/SF

$707 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midway Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

119

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

GC

APN/PARCEL ID

212204-9165,212204-9167

ASK ABOUT THIS PROPERTY

Sean MackNorthmarqMore Info
503-957-7945

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Sean MackNorthmarqMore Info
503-957-7945

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