3904 NE 4th St - Retail FOR SALE


Renton, WA 98056- President Park
$3,150,000 USD
206-584-6195
3904 NE 4th St, Renton, WA for Sale
$3,150,000 USD
Retail - FOR SALE
1/3
null | 5.6% Cap Rate

3904 NE 4th St
Renton, WA 98056
President Park


HIGHLIGHTS

  • High Visibility
  • Exceptional Demographics
  • Significant Rental Upside & NNN Leases

OVERVIEW

The Vara Group is pleased to present the opportunity to acquire 4th Street Plaza, a fully leased, multi-tenant retail strip center located along NE 4th Street in Renton, Washington. All 5 tenants operate under NNN lease structures, limiting landlord obligations and offering a hedge against inflation through scheduled annual increases. Excellent signage and visibility to over 30,500 vehicles per day support the property’s strong historical occupancy, with the average length of occupancy being 17 years and no tenant having occupied the property for less than 10 years. Staggered lease expirations create near-term potential to unlock additional value, with average in-place rents currently 24.8% below market.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$447 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4th Street Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

31,089 SF

ZONING

Retail; CS, Renton

APN/PARCEL ID

092305-9110

ASK ABOUT THIS PROPERTY

RJ VaraMarcus & MillichapMore Info
206-584-6195

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RJ VaraMarcus & MillichapMore Info
206-584-6195

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