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Freestanding Former Rite Aid: Renton, WA. 17615 140th Ave SE 5,000 - 16,280 SF of Retail Space Available in Renton, WA 98058
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 a spacious open concept
- 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
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 5,000-16,280 SF | 8’ - 18’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
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.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Central Air Conditioning
- Private Restrooms
- Freezer Space
- Print/Copy Room
- Security System
- High Ceilings
- Drop Ceilings
- Recessed Lighting
- Finished Ceilings: 8’ - 18’
- Drive Thru
- Smoke Detector
- Wheelchair Accessible
- Excellent ingress and egress, great circulation.
- High quality masonry construction.
- Great street visibility and signage.
- Flexible building and zoning.
- Double drive through available.
- Strong demographic profile growth core market.
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 | 16,280 SF | Gross Leasable Area | 16,892 SF |
| Min. Divisible | 5,000 SF | Year Built | 2006 |
| Property Type | Retail | Parking Ratio | 3.26/1,000 SF |
| Property Subtype | Freestanding |
| Total Space Available | 16,280 SF |
| Min. Divisible | 5,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 16,892 SF |
| Year Built | 2006 |
| Parking Ratio | 3.26/1,000 SF |
ABOUT THE PROPERTY
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.
- Mezzanine
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
Linc Properties
Freestanding Former Rite Aid: Renton, WA. | 17615 140th Ave SE
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