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Drug Store

Rite Aid (SEATTLE MSA)

10407 SE 256th St, Kent, WA 98030

Listing Price: $4,800,000

Cap Rate
6.00%
Tenant Name
Rite Aid
Years Remaining On Lease
2.5
Gross SF
11,834
Guarantor
Corporate Guarantee
Rentable SF
11,834
Price/Gross SF
$405.61
Lease Type
Double Net
Rent Per Square Feet
$24.34

Investment Overview

Located within Kent Hill Shopping Center, this Rite Aid is strategically located at a hard signalized, vibrant and heavily trafficked corner intersection. The property is located upslope with a digital pylon sign offering with unparalleled visibility from all directions. Constructed in 2007, the roof was replaced and has a transferrable warranty in place.

Situated only six miles from Sea-Tac International Airport, this Rite Aid is the only freestanding drugstore among the top three drugstore chains within two miles. Nearby tenants include Home Depot, Target, Ross, Kaiser Permanente, Bank of America, Staples and T.J. Maxx. The area is densely populated with well over 200,000 people within five miles.

Investment Highlights

  • Seattle MSA Free Standing STNL
  • Located at Signalized Hard Corner Parcel Entrance to Kent Hill Plaza
  • Great Visibility Along with Pylon Signage
  • Combined Traffic Count Exceed 63,000 VPD at Signalized Intersection
  • Average HHI is Approx. $100,000 in One Mile and $114,000 in Five Miles
  • Only Freestanding Chain Drug Store Within 2 Miles
  • Six Miles From Sea-Tac International Airport
  • Rent Increases in Options

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Drug Store

Rite Aid (SEATTLE MSA)

Listing Price: $4,800,000

Cap Rate
6.00%
Tenant Name
Rite Aid
Years Remaining On Lease
2.5
Gross SF
11,834
Guarantor
Corporate Guarantee
Rentable SF
11,834
Price/Gross SF
$405.61
Lease Type
Double Net
Rent Per Square Feet
$24.34

Investment Highlights

  • Seattle MSA Free Standing STNL
  • Located at Signalized Hard Corner Parcel Entrance to Kent Hill Plaza
  • Great Visibility Along with Pylon Signage
  • Combined Traffic Count Exceed 63,000 VPD at Signalized Intersection
  • Average HHI is Approx. $100,000 in One Mile and $114,000 in Five Miles
  • Only Freestanding Chain Drug Store Within 2 Miles
  • Six Miles From Sea-Tac International Airport
  • Rent Increases in Options

Investment Overview

Located within Kent Hill Shopping Center, this Rite Aid is strategically located at a hard signalized, vibrant and heavily trafficked corner intersection. The property is located upslope with a digital pylon sign offering with unparalleled visibility from all directions. Constructed in 2007, the roof was replaced and has a transferrable warranty in place. Situated only six miles from Sea-Tac International Airport, this Rite Aid is the only freestanding drugstore among the top three drugstore chains within two miles. Nearby tenants include Home Depot, Target, Ross, Kaiser Permanente, Bank of America, Staples and T.J. Maxx. The area is densely populated with well over 200,000 people within five miles.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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