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Retail Space in Mill Creek
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3922 148th Street SE, Mill Creek, WA 98012

Multi-tenant neighborhood center with retail, restaurant, and office spaces.

Space Size945 SF - 6,622 SF
Property Size34,824 SF
Days on Market2246

Property Features for 3922 148th Street SE

General Information

Standard status Active
Size 945 SF - 6,622 SF
Total Parking Spaces 144
Property subtype Retail, Office

Building Details

Building Size 34,824 SF
Year Built 2006
Tenancy Multiple

Spaces For Lease

at 3922 148th Street SE Contact us

Everett Clinic

Size
6,622 SF
Type
Office, Retail
Availability
Active
Contact us

Suite #108

Size
945 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: First Western Properties, Inc.
Listed By: Jake Thurber · License #138231
Source: Crexi
Added: Jul 3, 2020 Changed: Aug 15 Last Checked: Aug 25 at 7:52AM

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 First Western Properties, Inc.

Investment Insights

Based on property information with market context.

The Esplanade at Mill Creek is a 34,824 square foot multi-tenant neighborhood center. It is anchored by Everett Clinic and features a mix of retail, restaurant, and essential uses. The property offers ample parking and excellent visibility along Seattle Hill Road, which serves as a major northeast/southwest connector for State Route 96 and State Route 527. Current tenants include Everett Clinic, Cambria Restaurant, DJ Market, Chick 5, Garlic Jims, Edward Jones, Twisted Line Pub, Penny Creek Dentistry, Purity Health, Reflections School of Dance, Sun Flower Cleaners, Ukaway Teriyaki, White Tiger Martial Arts, and Angel Haircuts. Rare space is available for lease.

Key Highlights

  • Anchored by Everett Clinic, a major tenant
  • Excellent visibility along Seattle Hill Road
  • Ample parking available

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Parking Lot & Garage Garden Center

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

NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

330
Businesses Nearby
Under-served
Demand for This Use

Demographics for 98012, WA

74,956
Population
28,174
Households
2.7
Avg Household Size
36
Median Age
56%
College-Educated
96%
High-School Grad
15.7 sq mi
ZIP Area
4,774
Density / Sq Mi
$141,653
Median Household Income
$72,412
Median Earnings
$2,279
Median Rent
$811,500
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Multi-tenant neighborhood center with retail, restaurant, and office spaces.
Where is this shopping center located?
The property is located at 3922 148th Street SE Mill Creek, WA.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Anchored by Everett Clinic, a major tenant; Excellent visibility along Seattle Hill Road; Ample parking available
(425) 250-3277 Call to check price and availability
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