26015 104th Avenue Southeast

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26015 104th Avenue Southeast

Kent, WA 980307647
Asking Price
$21.15M
Cap Rate
7.25%
Asset Type
Shopping Center Retail
Class
Class B

What's Special

Shadow-Anchored Puget Sound Retail Center with 10-YR Ross Extension - (CALL FOR OFFERS: JUNE 30TH) <p>Ross Anchor Stabilized With a 10-Year Renewal: Ross Dress for Less (27,200 sq. ft., 31.3%</p><p>of GLA) operated under a co-tenancy violation following Top Foods’ vacancy, paying substitute</p><p>rent of 2% of gross sales. In February 2026, Ross executed a 10-year renewal at $15.50/SF with</p><p>a 10% bump in Year 5, fixed CAM of $5.49/SF with 3% annual increases, and the co-tenancy</p><p>condition removed. Base rent increases $155,600 annually, a 59% lift over the substitute rent rate.</p><p

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NOI
$80,000
Cap Rate
0.38%
DSCR
0.06
Underwater
Cash-on-Cash
-18.53%
Monthly Payment
$104,638.66
Annual Cash Flow
$-1,175,663.922

Location & Travel Times