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Retail Space in Totem Lake
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12333-12337 120th Ave NE, Kirkland, WA

Ground-floor retail space in high-traffic Totem Lake location.

Property Size4,591 SF
Lot Size3.94 Acres
Days on Market307

Property Features for 12333-12337 120th Ave NE

General Information

Standard status Active
Size 4,591 SF
Lot size 3.94 Acres
Property subtype RETAIL
Listing Agency: First Western Properties - Tacoma, Inc.
Listed By: Amanda Blackwood
Source: Moodyscre
Added: Sep 29, 2025 Changed: Jul 10 Last Checked: Jul 21 at 6:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Western Properties - Tacoma, Inc.

Investment Insights

Based on property information with market context.

This retail space is located on the ground floor of Adara Totem Lake, which features over 200 luxury apartment units. The property benefits from a high-traffic location in Totem Lake, offering visibility along 120th Ave NE and convenient access to I-405. The location provides a built-in customer base from the Adara residents, as well as the surrounding medical, office, and retail presences. The property is situated steps from The Village at Totem Lake, a shopping, dining, and entertainment destination in Kirkland. There are 28 parking spots designated for retail customers and clients. The property has a size of 4591 square feet.

Key Highlights

  • High‑traffic Totem Lake location with visibility along 120th Ave NE and easy access to I‑405
  • Built‑in customer base from 200+ luxury apartment units at Adara Totem Lake
  • Steps from The Village at Totem Lake, Kirkland’s premier shopping, dining, and entertainment destination

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Hair Salon Nail Salon Grocery & Convenience Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$6.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,289
Businesses Nearby
649k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 36% Dining 32% Shops & Services 18% Apparel 7%
Fred Meyer Groceries
88,873 visits/mo 0.3 miles
Trader Joe's Groceries
60,531 visits/mo 0.3 miles
Whole Foods Market Groceries
55,270 visits/mo 0.4 miles
Chick-fil-A Dining
54,478 visits/mo 0.4 miles
Ross Dress for Less Apparel
41,173 visits/mo 0.3 miles

Market

Lease Benchmarks for Kirkland, WA

$37.96 /SF/Yr
Avg Asking Price
$28–$64.02 /SF/Yr
Price Range
2,797 SF
Avg Space Size

This space is priced 5% above the average of $37.96 /SF/Yr.

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Ground-floor retail space in high-traffic Totem Lake location.
Where is this retail space located?
The property is located at 12333-12337 120th Ave NE Kirkland, WA.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: High‑traffic Totem Lake location with visibility along 120th Ave NE and easy access to I‑405; Built‑in customer base from 200+ luxury apartment units at Adara Totem Lake; Steps from The Village at Totem Lake, Kirkland’s premier shopping, dining, and entertainment destination
(425) 531-3345 Call to check price and availability
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