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10407 SE 256th St 11,837 SF Retail Building Kent, WA 98030 For Sale
INVESTMENT HIGHLIGHTS
- High visibility at the intersection of two major roadways
EXECUTIVE SUMMARY
Kidder Mathews is pleased to present the opportunity to lease or purchase the freestanding retail property (the former Rite Aid building), located in the vibrant retail hub of Kent’s East Hill, WA.
- Turnkey Potential: 2007-built, 11,834 SF freestanding building with drive-thru on a 0.94-acre fee and simple site in Kent’s thriving East Hill neighborhood.
- Prime Visibility: Over 60,000 combined vehicles per day at the busy intersection of SE 256th Street and 104th Ave SE.
- Premier Retail Hub: Surrounded by national retailers (Target, Home Depot, and Petco) and major financial institutions (Wells Fargo, Bank of America, and WaFd Bank).
- Versatile Usage: 43 onsite parking stalls and existing drive-thru ideal for QSR, urgent care, and general retail uses.
- Affluent Trade Area: Over 111,000 residents within a 3-mile radius, with an average household income exceeding $128,000.
- Available Now: Available for lease or sale (lease rate and sale price upon request).
- Turnkey Potential: 2007-built, 11,834 SF freestanding building with drive-thru on a 0.94-acre fee and simple site in Kent’s thriving East Hill neighborhood.
- Prime Visibility: Over 60,000 combined vehicles per day at the busy intersection of SE 256th Street and 104th Ave SE.
- Premier Retail Hub: Surrounded by national retailers (Target, Home Depot, and Petco) and major financial institutions (Wells Fargo, Bank of America, and WaFd Bank).
- Versatile Usage: 43 onsite parking stalls and existing drive-thru ideal for QSR, urgent care, and general retail uses.
- Affluent Trade Area: Over 111,000 residents within a 3-mile radius, with an average household income exceeding $128,000.
- Available Now: Available for lease or sale (lease rate and sale price upon request).
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,837 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
0.94 AC
Zoning
CC, Kent - Community Commercial
Parking
43 Spaces (3.63 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 292205-9154 | Improvements Assessment | $3,119,100 |
| Land Assessment | $1,456,000 | Total Assessment | $4,575,100 |
PROPERTY TAXES
Parcel Number
292205-9154
Land Assessment
$1,456,000
Improvements Assessment
$3,119,100
Total Assessment
$4,575,100
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10407 SE 256th St
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