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16251-16263 SE 272nd St 2,400 SF of Retail Space Available in Covington, WA 98042
HIGHLIGHTS
- Near new Caliber Collision location and 76 Service Station
- Significant residential growth in Covington, Maple Valley, and Black Diamond Communities
- Excellent Highway 18 visibility and access
- Excellent ingress and egress off of 272nd (two access points)
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,400 SF | Negotiable | $76.78 CAD/SF/YR $6.40 CAD/SF/MO $184,261 CAD/YR $15,355 CAD/MO | Triple Net (NNN) |
1st Floor
Located at lighted intersection at the entrance of Covington’s retail core. Property currently serviced by septic system. NNN – Tenant to self-maintain and self-insure, 2024 Property Taxes - $14,354.84
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Trade area services over 250,000 people
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 16251-16263 SE 272ND ST, COVINGTON, WA 98042
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Duffy's Auto
- Auto Showroom
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Duffy's Auto | Auto Showroom | 1 | - |
PROPERTY FACTS
| Total Space Available | 2,400 SF | Gross Leasable Area | 2,400 SF |
| Property Type | Retail | Year Built | 1976 |
| Property Subtype | Freestanding |
| Total Space Available | 2,400 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 2,400 SF |
| Year Built | 1976 |
ABOUT THE PROPERTY
Positioned at the gateway to Covington’s thriving retail core, this freestanding pad at 16263 SE 272nd Street offers unmatched visibility and access in one of South King County’s fastest-growing trade areas. Located at a lighted intersection with dual ingress/egress points, the site benefits from over 35,000 CPD on SE 272nd Street and 36,600 CPD on Highway 18, making it ideal for high-exposure retail or service uses.
NEARBY MAJOR RETAILERS
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16251-16263 SE 272nd St
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