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Islandia Shopping Center 3020 78th Ave SE 3,445 SF of Retail Space Available in Mercer Island, WA 98040
Highlights
- Located in the core of Mercer Island with direct proximity to Seattle and Bellevue via I-90.
- Surrounded by national and local retailers within a thriving commercial hub.
- Walking distance to future Mercer Island Light Rail Station.
- Abundant on-site surface parking with easy customer access.
- Benefits from affluent demographics with high household income levels.
- Former bakery layout offers built-in infrastructure for food and beverage concepts.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 3020 | 3,445 SF | Negotiable | $12.22 /SF/YR $1.02 /SF/MO $42,098 /YR $3,508 /MO | Triple Net (NNN) |
1st Floor, Ste 3020
Islandia Center offers a rare leasing opportunity in Mercer Island's vibrant retail corridor. The available 3,445 SF space, formerly a second-generation bakery, is ideal for retail or full-service restaurant users seeking to establish a presence in an affluent and loyal community. Situated in the heart of Mercer Island, the center benefits from abundant surface parking and convenient access to Interstate 90, providing effortless connectivity to both Downtown Seattle and Bellevue. Nearby amenities include premier grocers, fitness studios, and popular dining destinations. This high-exposure location is adjacent to the soon-to-open Mercer Island Light Rail Station, enhancing regional accessibility and long-term foot traffic potential. Mercer Island is recognized for its strong income levels, dense residential character, and educated population, creating an exceptional backdrop for retailers catering to discerning consumers. This well-positioned asset aligns visibility, accessibility, and community demand for an unparalleled retail opportunity.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
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.
Select Tenants at Islandia Shopping Center
- Tenant
- Description
- US Locations
- Reach
- Homegrown
- Fast-food
- 3
- Local
| Tenant | Description | US Locations | Reach |
| Homegrown | Fast-food | 3 | Local |
Property Facts
| Total Space Available | 3,445 SF | Total Land Area | 1.33 AC |
| Property Type | Retail | Year Built | 1964 |
| Gross Leasable Area | 23,759 SF | Parking Ratio | 3.16/1,000 SF |
| Total Space Available | 3,445 SF |
| Property Type | Retail |
| Gross Leasable Area | 23,759 SF |
| Total Land Area | 1.33 AC |
| Year Built | 1964 |
| Parking Ratio | 3.16/1,000 SF |
About the Property
The property is located on 78th Avenue SE on Mercer Island, within a shopping complex featuring multiple retail and restaurant tenants. The site is approximately one mile south of Interstate 90, offering connectivity to Seattle and Bellevue. Nearby amenities include a variety of retailers, banks, and restaurants concentrated within the town center. The surrounding area is largely residential and well-served by arterial streets such as SE 30th Street. Proximity to planned light rail development and consistent vehicular traffic enhances its accessibility.
- Restaurant
- Signage
- Tenant Controlled HVAC
Nearby Major Retailers
