26015 104th Avenue Southeast, Kent, WA 98030
Puget Sound retail center with a shadow anchor and a 10-year Ross extension for long-term tenant stability.
- Added:
- Jun 4, 2026
- Days on Market:
- 19
- Last Refresh:
- Jun 20 at 2:02 am
Property Features for 26015 104th Avenue Southeast
General Information
- Standard status
- Active
- Size
- 86,909 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1995
Listing agent Jack Hallberg License #WA 24010216
Listing office Northmarq - Seattle
Listing date Jun 4, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - Seattle
HighLights
- Retail center built in 1995
- Shadow‑anchored Puget Sound retail center
- Includes a 10‑year Ross extension for longer‑term tenant stability
- Call for offers with the deadline of June 30th
Overview
The property is identified as a shopping center at 26015 104th Avenue Southeast in Kent, Washington. Public remarks note the asset’s shadow-anchor structure and emphasize the 10-year Ross extension, indicating a focus on the strength and duration of the related retail tenancy. The seller is requesting offers by June 30.
For prospective buyers and brokers, the combination of a shadow-anchored setup and a specified 10-year extension can support underwriting that centers on the term of the Ross lease rather than near-term rollover risk. This offering is best suited for investors seeking a retail shopping center profile where a major off-site tenant relationship is reinforced by a longer remaining term. Interested parties should review the offering materials for lease terms, expense structure, and the full tenant and unit mix to confirm fit with their return and risk objectives.
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 | $1.91M | $21.96 |
| − Vacancy | −$85.9k | −$0.99 |
| EGI | $1.82M | $20.97 |
| − OpEx | −$546.8k | −$6.29 |
| NOI | $1.28M | $14.68 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Canyon Ridge Plaza — 104th Ave SE, Kent, WA 98030
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Location Insight
- Map
- Local Demand
- City
- Kent
- County
- King
- State
- Washington
- Longitude
- -122.2027701
- Latitude
- 47.3685709
