0 Nec Petrovitsky Rd & 140 Ave Cascade-Fairwood, WA 98058
This exceptional 219,549 square foot community shopping center, located in Renton, Washington's affluent King County, presents a prime retail investment opportunity. Anchored by prominent national tenants such as Safeway, LA Fitness, Bartell Drugs, and Ace Hardware, this center boasts a strong existing tenant base. The property offers multiple spaces available for lease, ranging from a minimum of 440 square feet to a maximum contiguous space of 2,277 square feet. Currently, 8,083 square feet are vacant, providing immediate opportunities for expansion or new business ventures. The center's strategic location within a high-income trade area ensures a robust customer base. Further enhancing its appeal, the property includes other national tenants like Starbucks, Bank of America, and Chase Bank, creating a synergistic and attractive retail environment. Under new ownership, First Washington Realty, Inc., the center is undergoing a significant revitalization with an aggressive leasing and management program designed to maximize its potential and deliver exceptional returns. This is a rare chance to secure retail space in a thriving, well-established shopping center with a bright future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.