Single-Tenant NNN Retail
New
For Sale
Contact for pricing
307 Rainier Ave S, Renton, WA 98057
An extended tenant commitment runs through 2037, with scheduled rent increases and renewal options.
Property SizeContact for details
Days on Market4
Property Features for 307 Rainier Ave S
General Information
Standard status
Active
Property subtype
RETAIL
Site & Location
Neighborhood
South Renton
Traffic Count
39,152 vehicles/day
Highway Access
Yes
Additional Details
Tenant in Place
Yes
Building Details
Tenancy
Single
Listing Agency:
Kidder Mathews
(206) 296-9600
Listed By:
Parker Ksidakis · License #130245
(206) 292-6158
Source:
Moodyscre
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:43PM
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 Kidder Mathews
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Investment Insights
Based on property information with market context.
O'Reilly Auto Parts occupies this single-tenant retail property under a lease extended through December 31, 2037. The tenant covers all property taxes, insurance and utilities, and is responsible for routine HVAC maintenance. The agreement includes a 5% rent increase in 2033 and two additional five-year options, each with a 10% increase.
The property fronts Rainier Avenue South in Renton, Washington, beside a Chick-fil-A and Fred Meyer. Daily traffic on the corridor is reported at more than 39,152 vehicles. Interstate 405 and Downtown Renton are accessible from the site.
The property fronts Rainier Avenue South in Renton, Washington, beside a Chick-fil-A and Fred Meyer. Daily traffic on the corridor is reported at more than 39,152 vehicles. Interstate 405 and Downtown Renton are accessible from the site.
Key Highlights
- O'Reilly Auto Parts lease extended through December 31, 2037
- 5% rent increase scheduled for 2033
- Two 5‑year renewal options, each with a 10% increase
Property Analytics
Who owns this building?
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Current Use
Lease Details
39,152 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
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Business Placement
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
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Market
Properties on Market for NNN properties in King County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - An extended tenant commitment runs through 2037, with scheduled rent increases and renewal options.
Where is this nnn property located?
The property is located at 307 Rainier Ave S Renton, WA.
What is the asking price?
The asking price for this property is $3,470,000.
What are key features of this property?
This property features: O'Reilly Auto Parts lease extended through December 31, 2037; 5% rent increase scheduled for 2033; Two 5‑year renewal options, each with a 10% increase
