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Renton Highlands Shopping Center 4250 NE 4th St 54,264 SF 82% Leased Retail Building Renton, WA 98059 For Sale
INVESTMENT HIGHLIGHTS
- DIVERSE TENANT ROSTER AND STABLE INCOME STREAM
- QUALITY SITE LAYOUT & ACCESSIBILITY
- STRONG RETAIL FUNDAMENTALS
- SHADOW-ANCHORED BY TOP-PERFORMING SAFEWAY
- FUTURE BREAK-UP OPPORTUNITY
- ROBUST DEMOGRAPHIC PROFILE & HIGH-GROWTH TRADE AREA
EXECUTIVE SUMMARY
Renton Highlands Shopping Center presents a Safeway shadow-anchored center with successful national anchor tenants, strong cash flow, and immediate leasing upside in a high-income trade area of the Puget Sound Region.
• Shadow-anchored by a top-performing Safeway
• 5-year WALT
• 11+ years remaining on The Goddard School lease
• DaVita exercised a 5-year lease extension in 2025
• Petco exercised a 5-year lease extension in 2024
• Break-up opportunity
• 82% leased, providing leasing upside
• $152K average household incomes and 104K residents within a 3-mile radius
• 9 miles to Downtown Bellevue and 16 miles to Downtown Seattle
• Shadow-anchored by a top-performing Safeway
• 5-year WALT
• 11+ years remaining on The Goddard School lease
• DaVita exercised a 5-year lease extension in 2025
• Petco exercised a 5-year lease extension in 2024
• Break-up opportunity
• 82% leased, providing leasing upside
• $152K average household incomes and 104K residents within a 3-mile radius
• 9 miles to Downtown Bellevue and 16 miles to Downtown Seattle
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
54,264 SF
Building Class
B
Year Built
1983
NOI
$1,034,435
Percent Leased
82%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
5.01 AC
Zoning
CS, Renton
Frontage
391’ on Union Ave NE
AMENITIES
- Pylon Sign
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Available: Combined 9,565 SF - Former 24 Hour Fitness: 7,465 SF + Former Desert Sun Tan: 2,100 SF | Contact Broker for Rental Rate | NNN: $7.00 PSF *Broker to verify commission with Listing Agent when submitting an offer.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,100-9,565 SF | Retail | - | Now |
1st Floor
| Size |
| 2,100-9,565 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 2,100-9,565 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Available: Combined 9,565 SF - Former 24 Hour Fitness: 7,465 SF + Former Desert Sun Tan: 2,100 SF | Contact Broker for Rental Rate | NNN: $7.00 PSF *Broker to verify commission with Listing Agent when submitting an offer.
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $10,877,800 | |
| Land Assessment | $6,318,100 | Total Assessment | $17,195,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,318,100
Improvements Assessment
$10,877,800
Total Assessment
$17,195,900
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Renton Highlands Shopping Center | 4250 NE 4th St
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