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Renton WA Freestanding Former Rite Aid 17615 140th Ave SE 16,892 SF 4% Leased Retail Building Renton, WA 98058 For Sale

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INVESTMENT HIGHLIGHTS

  • PRIME LOCATION:The property enjoys a premier location within Renton (Fairwood), WA., a well-established suburban community in the heart of King County
  • GREAT SITE / ACCESS / PARKING:The site features well-designed convenient surface parking with multiple points of ingress and egress and drive-throughs
  • STRONG DEMOGRAPHICS Renton (Fairwood) is home to stable, well-educated, high-income families with an average household income over $147,000 / yr.
  • HIGH QUALITY / FLEXIBLE BUILDING: This prominent masonry block building was a premium build-to suit for Rite Aid in 2006 with open concept floor plan
  • THRIVING TRADE AREA: Renton (Fairwood) serves as a vibrant trade area for South Eastside King County with over 214,000 affluent residents within 5 mi.
  • VISIBILITY & ACCESSIBILITY: The property benefits from excellent street front orientation and large pylon, monument and building facade signage

EXECUTIVE SUMMARY

Linc Properties is pleased to offer the exclusive opportunity to purchase or lease a prominent, high-quality and very versatile freestanding retail or specialty property located in the heart of thriving South Eastside King County in Renton (Fairwood), Washington State. This very well built highly flexible masonry block building with double drive-through was constructed as a build-to-suit for Rite Aid in 2006 and has been a successful high volume location until recently vacated due to the Rite Aid Bankruptcy proceedings. This large independent lot has excellent ingress and egress, great circulation and abundant parking all positioned with direct access to the high traffic intersection of 140th and Petrovisky Rd. with over 40.000 vehicles per day. The property has prominent visibility with pylon, monument and façade signage for high identity and exposure. Situated just minutes from Interstate 405 to Seattle or Bellevue, this location has over 214,000 highly educated residents with an average household income of $143,000 within a 5 mile radius.
As a rare King County South Eastside “Big Box” opportunity, this core asset, with excellent real estate fundamentals has unlimited potential for the savvy tenant, developer or investor.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,892 SF
Building Class
B
Year Built
2006
Percent Leased
4%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.66 AC
Zoning
CB - Community Business with broad use categories.
Parking
55 Spaces (3.26 Spaces per 1,000 SF Leased)
Frontage
224’ on 140th Ave SE

AMENITIES

  • Mezzanine
  • Pylon Sign
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Drive Thru
  • Wheelchair Accessible
  • Storage Space
  • Monument Signage
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 5,000-16,280 SF
  • Retail
  • -
  • Now

Linc Properties is pleased to offer the exclusive opportunity to purchase or lease a high-quality and very versatile freestanding property located in the heart of thriving Eastside King County in Fairwood, Washington State. This well built and highly flexible building with drive-thru was originally constructed as a build-to-suit for Rite Aid in 2006 and has continuously operated as a successful high volume retail location until recently vacated due to the Rite Aid Bankruptcy proceedings. This large independent lot has excellent ingress and egress, great circulation and abundant parking all positioned with direct access to the high traffic intersection of 140th and Petrovisky Rd. with over 40.000 VPD. The property has great visibility with pylon, monument and façade signage for high exposure. Situated just minutes from Interstate 405, Fairwood is a strong demographic market within a well-established and growing community. As a rare Eastside “Big Box” opportunity, this asset has unlimited potential for the savvy tenant, developer or investor.

Space Size Space Use Position Available
1st Floor 5,000-16,280 SF Retail - Now

1st Floor

Size
5,000-16,280 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 5,000-16,280 SF
Space Use Retail
Position -
Available Now

Linc Properties is pleased to offer the exclusive opportunity to purchase or lease a high-quality and very versatile freestanding property located in the heart of thriving Eastside King County in Fairwood, Washington State. This well built and highly flexible building with drive-thru was originally constructed as a build-to-suit for Rite Aid in 2006 and has continuously operated as a successful high volume retail location until recently vacated due to the Rite Aid Bankruptcy proceedings. This large independent lot has excellent ingress and egress, great circulation and abundant parking all positioned with direct access to the high traffic intersection of 140th and Petrovisky Rd. with over 40.000 VPD. The property has great visibility with pylon, monument and façade signage for high exposure. Situated just minutes from Interstate 405, Fairwood is a strong demographic market within a well-established and growing community. As a rare Eastside “Big Box” opportunity, this asset has unlimited potential for the savvy tenant, developer or investor.

NEARBY MAJOR RETAILERS

Starbucks
Safeway
KeyBank
Wells Fargo
Chase Bank
Bank of America
TacoTime
Premier Martial Arts
LA Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
247390-0020
Land Assessment
$2,456,100
Improvements Assessment
$5,246,700
Total Assessment
$7,702,800
  • Listing ID: 37770934

  • Date on Market: 9/22/2025

  • Last Updated:

  • Address: 17615 140th Ave SE, Renton, WA 98058

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