3904 4Th St Renton, WA 98056
Multi-tenant retail strip center in Renton, Washington.
Property size:
7,041 SFProperty Features for 3904 4Th St
General Information
- Standard status
- Active
- Size
- 7,041 SF
Building Details
- Year built
- 2003
Source:
Corcoran
Listing Agent: Matthew Herman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fully Leased Retail Strip Center
The opportunity includes a fully leased, multi-tenant retail strip center located along NE 4th Street in Renton, Washington. The property size is 7041 square feet. All 5 tenants operate under NNN lease structures, which limits landlord obligations and offers a hedge against inflation through scheduled annual increases. The property benefits from excellent signage and visibility, with over 30,500 vehicles per day. The property has a strong historical occupancy, with the average length of occupancy being 17 years and no tenant having occupied the property for less than 10 years. Staggered lease expirations create near-term potential to unlock additional value, with average in-place rents currently 24.8% below market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Renton
- County
- King
- State
- Washington
- Longitude
- -122.1665662
- Latitude
- 47.4888983
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FAQs
What type of property is this?
Strip mall - Multi-tenant retail strip center in Renton, Washington.
Where is this strip mall located?
The property is located at 3904 4Th St Renton, WA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: - Fully leased multi-tenant retail strip center.; - NNN lease structures limit landlord obligations and hedge against inflation.; - Strong historical occupancy with an average tenant length of 17 years.