Renton Highlands Shopping Center
Price: Best Offer
Year 1 NOI: $1,034,435
As-Is Occupancy: 82%
Year 2 Stabilized NOI: $1,324,381
Building SF: 54,264 SF
Land Area: 5.01 Acres
Status: Active
Renton Highlands Shopping Center presents a Safeway shadow-anchored center with successful national anchor tenants, strong cash flow, and immediate leasing upside in a high-income trade area of the Puget Sound Region.
Shadow-anchored by a top-performing Safeway
5-year WALT
11+ years remaining on The Goddard School lease
DaVita exercised a 5-year lease extension in 2025
Petco exercised a 5-year lease extension in 2024
Break-up opportunity
82% leased, providing leasing upside
$152K average household incomes and 104K residents within a 3-mile radius
9 miles to Downtown Bellevue and 16 miles to Downtown Seattle