6617 166th Ave E - Freestanding FOR SALE


Sumner, WA 98390
$2,850,000 USD
206-693-3329
6617 166th Ave E, Sumner, WA for Sale
$2,850,000 USD
Freestanding - FOR SALE
1/3
null | 6% Cap Rate

6617 166th Ave E
Sumner, WA 98390


HIGHLIGHTS

  • 53,000+ VPD on Hwy 410 | Adjacent to WinCo (1.4M+ annual visits)
  • 100% NNN leases with terms through 2030 & 2032
  • 2012 concrete tilt-up | Low CapEx, turnkey ownership
  • Drive-thru pad increases rent & re-tenanting flexibility
  • Service-based, e-commerce-resistant tenants
  • $150,751 avg HH income within 3 miles

OVERVIEW

Sumner Promenade is a 5,940 SF, fully leased, two-tenant retail asset located directly beside WinCo Foods in Sumner, Washington. Built in 2012, the Property is supported by two well-established service-oriented tenants, Gravity Coffee Drive Thru and Society Salon, both of which have occupied the Property since 2019 and 2017, respectively. Society Salon has expanded into the two adjacent suites, demonstrating commitment to the location. Both operate on NNN leases with 3 percent annual rent increases. The Property benefits from exceptional daily traffic generated by WinCo’s 1.4 million annual visits (per Placer.ai) and 32K VPD off Highway 410, providing consistent exposure and a strong regional draw from Puyallup, Bonney Lake, and Enumclaw. Sumner Promenade also benefits from strong surrounding demographics and an average household income of $150,751 in a 3-mile radius. The strength of the Sumner/Bonney Lake corridor is reinforced by its connection to the Kent Valley, one of the region’s most significant employment and industrial centers. The valley supports more than 232,000 jobs across aerospace, advanced manufacturing, logistics, and industrial technologies, anchored by employers such as Boeing, Blue Origin, and a base of food and beverage producers. This concentration of major employers and direct access to major road networks, SeaTac International Airport, and the Ports of Seattle and Tacoma, drives steady commuter activity through the corridor and supports strong surrounding demographics. The broader region also offers diverse and more attainable housing options, high quality of life, and access to outdoor recreation, all of which attract high-earning residents who prefer living in suburban foothill communities while remaining connected to these employment hubs.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$483 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sumner Promenade

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,161 SF

ZONING

IC

APN/PARCEL ID

700239-0040

ASK ABOUT THIS PROPERTY

Joe DugoniNorthmarqMore Info
206-693-3329

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Joe DugoniNorthmarqMore Info
206-693-3329

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