525 E College Way Mount Vernon, WA 98273

Building Details

Year Built

1977

Listing office KIDDER MATHEWS k***@simpson-re.com Show Phone

Listing date May 21, 2026

Source Corcoran

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Investment Insights

Based on property information with market context.

Mount Vernon Center is a 100,155 square foot neighborhood retail center with 98% occupancy. Anchored by Grocery Outlet and Ross Dress for Less, these two retailers represent 41% of the gross leasable area (GLA). The inline tenant base, spanning the main building and two adjacent strip centers, is anchored by long-tenured local operators, with approximately 34% of tenants having occupied the property for 14 or more years. The tenant mix is service-oriented, including a laundromat, nail salon, mail services, and state agency offices. The property is positioned along East College Way, with a traffic count of 38,695 vehicles per day, and has direct visibility and access to Interstate 5. The center is located within a retail corridor alongside national anchors including Safeway, Tractor Supply, and Hobby Lobby. The surrounding trade area reports average household incomes of $113,747 within a five-mile radius. Mount Vernon serves as the primary commercial hub for Skagit Valley.

Key Highlights

• 98% occupied neighborhood retail center offering stable income.
• Anchored by Grocery Outlet and Ross Dress for Less (41% of GLA).
• Located in a high‑traffic area (38,695 VPD) with direct access to Interstate 5.

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• Mount Vernon Center — 525 E College Way, Mount Vernon, WA 98273
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FAQs

What type of property is this?

Shopping center - 100,155 SF retail center, 98% occupied, anchored by Grocery Outlet.

Where is this shopping center located?

The property is located at 525 E College Way Mount Vernon, WA.

What is the asking price?

The asking price for this property is $15,550,000.

What are key features of this property?

This property features: 98% occupied neighborhood retail center offering stable income.; Anchored by Grocery Outlet and Ross Dress for Less (41% of GLA).; Located in a high‑traffic area (38,695 VPD) with direct access to Interstate 5.