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Walgreens NNN Property
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275 Rainier Ave S, Renton, WA 98057

Long-term NNN Walgreens occupancy in Renton, near downtown Seattle and a high-volume corner intersection.

Property SizeContact for details
Days on Market140

Property Features for 275 Rainier Ave S

General Information

Standard status Active
Property subtype Retail

Site & Location

Corner Location Yes
Traffic Count 40,000 vehicles/day

Building Details

Tenancy Single
Listing Agency: Deerfield Partners
Listed By: Art Griffith · License #CA 01400709
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 2:57PM

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 Deerfield Partners

Investment Insights

Based on property information with market context.

The property at 275 Rainier Ave S in Renton, Washington, is occupied by Walgreens under a 12+ year NNN arrangement. The asset is positioned on a corner with reported traffic exceeding 40,000 vehicles per day.

The site is located 14 miles from downtown Seattle within the Seattle metropolitan area. The surrounding market is described as both dense and affluent, providing established demographic context for the location. Washington has no state income tax.

Key Highlights

  • 12+ year NNN Walgreens occupancy
  • Corner location with over 40,000 vehicles per day
  • 275 Rainier Ave S, Renton, WA 98057

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Storage Facility Carpet & Flooring Store Pet Grooming Service Florist Wine and Liquor Store (Bike/Boat/Book/etc) Store

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

40,000 VPD
Traffic count
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,351
Businesses Nearby

Demographics for 98057, WA

13,493
Population
6,656
Households
2
Avg Household Size
38
Median Age
34%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
2,176
Density / Sq Mi
$68,097
Median Household Income
$53,994
Median Earnings
$1,767
Median Rent
$606,500
Median Home Value

Market

Vacancy Rate% for Retail in West region

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

What type of property is this?
NNN property - Long-term NNN Walgreens occupancy in Renton, near downtown Seattle and a high-volume corner intersection.
Where is this nnn property located?
The property is located at 275 Rainier Ave S Renton, WA.
What are key features of this property?
This property features: 12+ year NNN Walgreens occupancy; Corner location with over 40,000 vehicles per day; 275 Rainier Ave S, Renton, WA 98057
More about this property
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