Crossgate Center - Kent, WA
Multi-Tenant NNN Retail | Proven Tenant Mix + Value-Add Potential | Strong Demographics
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 19,692 SF Crossgate Center located at 130 Washington Avenue North in Kent, WA. This two-building shopping center is strategically positioned along the primary retail thoroughfare, offering superior visibility and accessibility from three major roadways. The property benefits from high traffic counts, multiple ingress and egress points, and strong surrounding demographics, making it an ideal location for both national and local tenants. The center features a well-balanced mix of retail, restaurant, and service-oriented tenants, generating consistent consumer traffic and long-term stability. Its central location, established tenancy, and exceptional frontage provide investors with an opportunity to acquire a high-performing retail asset in a proven trade corridor.
Investment highlights
Tenant Mix: The center features a diverse lineup of local and regional servicebased tenants that consistently drive foot traffic and customer loyalty. With a strong mix of restaurants, beauty services, and essential retailers, the property remains highly resistant to online competition by offering in-person experiences and conveniences that keep shoppers returning.
Strong Demographics: The property is supported by a dense and affluent customer base, with over 102,000 residents within a 3-mile radius and more than 279,000 residents within 5 miles. The average household incomes of $107,000 and $119,000, respectively, reflect the area’s strong purchasing power and ability to sustain healthy retail demand for both daily needs and discretionary spending.
High Traffic Exposure: Positioned along a major arterial with 114,000+ vehicles per day, offering exceptional visibility and access.
Positive Growth Market: Kent, WA continues to experience steady economic and population growth, positioning it as one of the region’s most attractive suburban markets. The local area surrounding the shopping center is projected to see 3.6% population growth over the next four years, further strengthening demand for retail, dining, and daily-needs services. This upward trend supports both tenant stability and long-term investment value.
Strategic Location: Ideally positioned in the heart of Kent’s retail corridor, the property offers excellent regional connectivity and convenience for both shoppers and employees. It is located just 5.4 miles from Seattle–Tacoma International Airport and only a 12-minute walk from the local commuter rail station, providing easy access to major transit routes and surrounding communities. This prime location enhances visibility, accessibility, and long-term tenant appeal.
Near-term Upside: The property currently has one available vacancy, offering investors an immediate opportunity to increase income through lease-up. This near-term upside provides flexibility for strategic tenant selection while enhancing the overall stability and value of the center.
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