Kent, WA Retail Property For Sale

Kidder Mathews is pleased to present 1601 W Meeker

St, an exclusive investment opportunity in Kent,

Washington. The offering consists of a fully-leased,

9,420 SF, 5-unit retail center near downtown.

Building Size: 21,998 SF

Lot Size: 74, 697 SF

Zoning: CC

Sales Price: $6,900,000

CAP Rate: 5.75%

100% Leased Retail Building

Diverse tenant mix with staggered lease expirations

THE OFFERING provides the opportunity to acquire Kent Hill Plaza (“The Property”), an

80% occupied, 143K SF grocery-anchored shopping center located in Kent, Washington.

The Property is anchored by Saar’s Super Saver Foods a privately owned regional grocer

operating on a long term ground lease. Other tenants include JoAnn Fabrics and Kaiser

Permanente as well as a dynamic mix of other local and national tenants. Current vacancies

and below-market rents provide an investor the opportunity for upside with a going in cap

rate of 6.80%. The Property is located adjacent to Home Depot near Canyon Ridge, a Target-anchored and institutionally owned retail center. The Offering is comprised of two parcels – a separately parceled Kaiser Permanente and a second parcel with over 12.66 acres.

Apartment Site at 1637 W. Meeker St Kent, WA.

Close to I-5 and Hwy 167 and the City of Kent Golf course.

This whole area is being re-developed into Apartments and Retail

Seller will look at leasing existing building 3920 sq. ft. and lot 42,632 sq, ft. Tax iD #: 2322049061