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Sumner Promenade 6617 166th Ave E 5,940 SF 100% Leased Retail Building Sumner, WA 98390 $3,942,633 CAD ($663.74 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 53,000+ VPD on Hwy 410 | Adjacent to WinCo (1.4M+ annual visits)
- 2012 concrete tilt-up | Low CapEx, turnkey ownership
- Service-based, e-commerce-resistant tenants
- 100% NNN leases with terms through 2030 & 2032
- Drive-thru pad increases rent & re-tenanting flexibility
- $150,751 avg HH income within 3 miles
EXECUTIVE SUMMARY
Sumner Promenade is a 5,940 SF, fully leased, two-tenant retail asset located directly beside WinCo Foods in Sumner, Washington. Built in 2012, the Property is supported by two well-established service-oriented tenants, Gravity Coffee Drive Thru and Society Salon, both of which have occupied the Property since 2019 and 2017, respectively. Society Salon has expanded into the two adjacent suites, demonstrating commitment to the location. Both operate on NNN leases with 3 percent annual rent increases.
The Property benefits from exceptional daily traffic generated by WinCo’s 1.4 million annual visits (per Placer.ai) and 32K VPD off Highway 410, providing consistent exposure and a strong regional draw from Puyallup, Bonney Lake, and Enumclaw. Sumner Promenade also benefits from strong surrounding demographics and an average household income of $150,751 in a 3-mile radius.
The strength of the Sumner/Bonney Lake corridor is reinforced by its connection to the Kent Valley, one of the region’s most significant employment and industrial centers. The valley supports more than 232,000 jobs across aerospace, advanced manufacturing, logistics, and industrial technologies, anchored by employers such as Boeing, Blue Origin, and a base of food and beverage producers. This concentration of major employers and direct access to major road networks, SeaTac International Airport, and the Ports of Seattle and Tacoma, drives steady commuter activity through the corridor and supports strong surrounding demographics. The broader region also offers diverse and more attainable housing options, high quality of life, and access to outdoor recreation, all of which attract high-earning residents who prefer living in suburban foothill communities while remaining connected to these employment hubs.
The Property benefits from exceptional daily traffic generated by WinCo’s 1.4 million annual visits (per Placer.ai) and 32K VPD off Highway 410, providing consistent exposure and a strong regional draw from Puyallup, Bonney Lake, and Enumclaw. Sumner Promenade also benefits from strong surrounding demographics and an average household income of $150,751 in a 3-mile radius.
The strength of the Sumner/Bonney Lake corridor is reinforced by its connection to the Kent Valley, one of the region’s most significant employment and industrial centers. The valley supports more than 232,000 jobs across aerospace, advanced manufacturing, logistics, and industrial technologies, anchored by employers such as Boeing, Blue Origin, and a base of food and beverage producers. This concentration of major employers and direct access to major road networks, SeaTac International Airport, and the Ports of Seattle and Tacoma, drives steady commuter activity through the corridor and supports strong surrounding demographics. The broader region also offers diverse and more attainable housing options, high quality of life, and access to outdoor recreation, all of which attract high-earning residents who prefer living in suburban foothill communities while remaining connected to these employment hubs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,940 SF
Building Class
B
Year Built
2012
Price
$3,942,633 CAD
Price Per SF
$663.74 CAD
Cap Rate
6%
NOI
$236,558 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.49 AC
Zoning
IC
Frontage
108’ on 166th Ave
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 700239-0040 | Improvements Assessment | $1,757,584 CAD |
| Land Assessment | $804,436 CAD | Total Assessment | $2,562,020 CAD |
PROPERTY TAXES
Parcel Number
700239-0040
Land Assessment
$804,436 CAD
Improvements Assessment
$1,757,584 CAD
Total Assessment
$2,562,020 CAD
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Sumner Promenade | 6617 166th Ave E
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