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The Covington Center 17307 SE 272nd St 2,126 - 45,061 SF of Retail Space Available in Covington, WA 98042
HIGHLIGHTS
- Located adjacent to LA Fitness & Chick-fil-A
- Great access to and from HWY 18
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground, Ste 112 | 28,935 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| Ground, Ste 114A | 2,126 SF | Negotiable | $35.00 /SF/YR $2.92 /SF/MO $74,410 /YR $6,201 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste Pad #1 | 9,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste Pad #2 | 5,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
17307-17415 SE 272nd St - Ground - Ste 112
• 38,000 cars per day on corner of 272nd Street and Wax Road • Big Lots and Big 5 Sporting Anchored Center • BECU & Olympic Sports & Spine now open!
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Ample parking
17307-17415 SE 272nd St - Ground - Ste 114A
• 38,000 cars per day on corner of 272nd Street and Wax Road • Big Lots and Big 5 Sporting Anchored Center • BECU & Olympic Sports & Spine now open!
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Ample parking
17275 SE Wax Rd - 1st Floor - Ste Pad #1
Anchor approved building pads of 9,000 SF (Pad #1) and 5,000 SF (Pad #2). Excellent locations on Wax Road, which is slated for expansion and connection to the new Town Center entrance. Wax Road is on the City of Covington’s six-year improvement plan to be widened and improved on east side of road. Build-to-suit or ground lease available. Town Center Zoning encourages density, medical and other commercial uses.
- Space is an outparcel at this property
- Space is in Excellent Condition
- No off-sites required.
17268 SE Wax Rd - 1st Floor - Ste Pad #2
Anchor approved building pads of 9,000 SF (Pad #1) and 5,000 SF (Pad #2). Excellent locations on Wax Road, which is slated for expansion and connection to the new Town Center entrance. Wax Road is on the City of Covington’s six-year improvement plan to be widened and improved on east side of road. Build-to-suit or ground lease available. Town Center Zoning encourages density, medical and other commercial uses
- Space is an outparcel at this property
- Space is in Excellent Condition
- No off-sites required.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 45,061 SF | Frontage | 272nd St |
| Center Type | Neighborhood Center | Gross Leasable Area | 73,168 SF |
| Parking | 240 Spaces | Total Land Area | 6.87 AC |
| Center Properties | 3 | Year Built | 1963 |
| Total Space Available | 45,061 SF |
| Center Type | Neighborhood Center |
| Parking | 240 Spaces |
| Center Properties | 3 |
| Frontage | 272nd St |
| Gross Leasable Area | 73,168 SF |
| Total Land Area | 6.87 AC |
| Year Built | 1963 |
ABOUT THE PROPERTY
Covington is a high growth market with high-end average incomes
NEARBY MAJOR RETAILERS
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The Covington Center | 17307 SE 272nd St
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