3904 NE 4Th St Renton, WA 98056
Property Features for 3904 NE 4Th St
General Information
- Lot size
- 0.71 Acres
Source:
Moodyscre
Listing Agency: Marcus & Millichap, Inc. Listing Agent: Clayton Brown
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fully Leased Retail Strip Center
The opportunity to acquire 4th Street Plaza, a fully leased, multi-tenant retail strip center in Renton, Washington, is available. 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 over 80% of the GLA having occupied the property for more than 10 years. A new tenant recently executed a 5-year lease, at a 25% increase over the previous tenant’s rent. Multiple other tenants recently extended their leases or are in the process of doing so, demonstrating strong demand and commitment. Staggered lease expirations create near-term potential to unlock additional value, with average in-place rents currently below market.
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
Nearby Similar for Sale
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 NE 4Th St Renton, WA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: - Fully leased multi-tenant retail strip center, providing immediate income.; - NNN lease structures limit landlord obligations and offer inflation hedge with scheduled annual increases.; - High visibility with excellent signage and traffic count of over 30,500 vehicles per day.