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317 W Meeker St
Kent, WA 98032
Retail Property For Sale
Investment Highlights
- Fully Leased, 3-Tenant NNN Investment
- 0.3 Miles to Kent Station - Transportation, Retail & Entertainment Hub
- DCE Zoning - Downtown Commercial Enterprise supports broad commercial uses
Executive Summary
The Terminal Building is a fully leased, multi-tenant commercial property situated in the heart of downtown Kent, Washington — one of the South Sound’s most dynamic and rapidly evolving urban centers. The building is leased to three distinct tenants across food & beverage, professional services, and retail commercial uses, providing a diversified and resilient income base under a triple-net lease structure. With strong near-term lease activity and a location proximate to Kent Station’s growing retail and entertainment ecosystem, the Terminal Building represents a compelling stabilized investment opportunity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,943 SF
Building Class
C
Year Built
1970
Price
$3,400,000
Price Per SF
$489.70
Cap Rate
6.03%
NOI
$205,020
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.43 AC
Zoning
DCE
Parking
36 Spaces (5.19 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 982570-0275 | Improvements Assessment | $1,867,100 |
| Land Assessment | $558,000 | Total Assessment | $2,425,100 |
Property Taxes
Parcel Number
982570-0275
Land Assessment
$558,000
Improvements Assessment
$1,867,100
Total Assessment
$2,425,100
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