Sumner Square Retail Investment
15716 Main St E Sumner, WA 15716
15716 Main St E, Sumner, WA, 15716
$8,250,000
For Sale
$8,250,000
Fully leased retail property with NNN tenants in Sumner, WA.
Property Size37,395 SF
Price / SF$220.62
Days on Market343
Property Features for 15716 Main St E
General Information
- Standard status
- Active
- Size
- 37,395 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agency
NWC - KV LLC
Listed by
TIM PAVOLKA
Source
Corcoran
Added: Aug 15, 2025 Updated: Jul 6 at 7:41AM Checked: Jul 22 at 9:00AM
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 NWC - KV LLC
Investment Insights
Based on property information with market context.
Sumner Square in Sumner, WA, is a commercial property available for sale. The property includes three fully leased buildings with ten NNN tenants, situated on 3.3 acres. The site provides 169 parking spots, with an additional 256 spaces available through an easement at no additional cost. The property, with a total size of 37395 square feet, presents an opportunity for investors or developers.
Key Highlights
- Fully leased property with ten NNN tenants provides immediate income.
- Significant parking available: 169 spots on‑site, plus 256 via easement.
- Located in Sumner, WA.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $538.5k | $14.40 |
| − Vacancy | −$75.4k | −$2.02 |
| EGI | $463.1k | $12.38 |
| − OpEx | −$138.9k | −$3.72 |
| NOI | $324.2k | $8.67 |
37,395 SF · lease $14.40/SF/yr · vacancy 14.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.63M
$4.05M – $5.40M
NOI $324,170 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.10M
$8.84M – $11.78M
NOI $706,999 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Water Hole Pub
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- East Side Shopping Center — East Side Shopping Center, 15525 Main St E, Sumner, WA 98390
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- karls — 5221 160th Ave E, Sumner, WA 98390
FAQs
What type of property is this?
Shopping center - Fully leased retail property with NNN tenants in Sumner, WA.
Where is this shopping center located?
The property is located at 15716 Main St E Sumner, WA.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: Fully leased property with ten NNN tenants provides immediate income.; Significant parking available: 169 spots on‑site, plus 256 via easement.; Located in Sumner, WA.
