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Property profile & analytics
OFF-MARKET Estimated value $23,815,000
Outlet malls

25250 Pacific S Hwy Kent, WA 98032-6539

171,312 SF 12.52 ac lot Built 2007
Entity Owned 18-yr Hold Free & Clear
Property ID
US90-0869724
Property summary
AI-generated overview

This exceptional retail opportunity presents itself in the thriving Fred Meyer Shopping Center, located at 25250 Pacific Hwy S in Kent, Washington, 98032. The property boasts a total building area of 169,000 square feet and sits on a generous 8-acre lot. Currently, there is 1,533 square feet of vacant space available, perfect for a variety of retail uses. The center features a multi-tenant configuration, benefiting from the established presence of a major anchor tenant. Its strategic location in King County ensures high visibility and accessibility, placing it within a densely populated area with significant foot traffic and vehicular access. The property's size and location make it an ideal investment for businesses seeking a strong foothold in a bustling retail environment. The available space offers a chance to establish a presence in a well-established and successful shopping center, benefiting from the existing customer base and high traffic volume. This is a rare opportunity to secure retail space in a prime Kent location. The property is zoned for retail use and offers ample parking for customers and employees. Further details regarding lease terms and conditions are available upon request.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2007
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 171,312 SF
Lot 12.52 ac (545,482 SF)
Zoning code CM
APN 212204-9135
UPID US90-0869724
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Fred Meyer Grocery & Convenience Store Food Market
  • Fred Meyer Grocery Pickup and Delivery Grocery & Convenience Store Food Market
  • Steven Dinh Pharmacy
  • Jo Ann Perez Pharmacy
  • Jae Lee Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$23.82M
Owner & transaction history
Wl Kent LLC · 18 yrs held
Wl Kent LLC
since 2007
4 recorded transactions
2007
Price N/A
2005
$8,277
1998
$8.5M
1969
Price N/A
Zoning & alternative use
CM · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

It is the purpose of the CMdistrictto provide locations for those types of developments which combine some characteristics of both retail establishments and small scale, light industrial operations, heavy commercial and wholesaleuses, and specialty manufacturing

Zone name Commercial Manufacturing
General category INDUSTRIAL
Zone area 357.89 ac
Source Realmo
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