Investment Overview

MARCUS & MILLICHAP is pleased to present the opportunity to acquire 4th Street Plaza, a fully leased, multi-tenant retail strip center located along NE 4th Street in Renton, Washington. All 5 tenants operate under NNN lease structures, limiting landlord obligations and offering a hedge against inflation through scheduled annual increases. Excellent signage and visibility to over 30,500 vehicles per day support the property’s strong historical occupancy, with over 80% of the GLA having occupied the property for more than 10 years. A new tenant just executed a 5 year lease, at a 25% increase over the previous tenant’s rent, and multiple other tenants are the property recently extended their leases or are in the process of doing so, demonstrating strong demand and commitment. Staggered lease expirations create near-term potential to unlock additional value, with average in-place rents currently below market.