Property Details

525 E College Way

Mount Vernon, WA 98273

$15,500,000

Available

CBA# 712396 courtesy of CBA Listing firm: Kidder Mathews

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Office / Retail

Property Type

98,239

Bldg Sq Ft

1978

Year Built

Property Overview

We are pleased to present Mount Vernon Center, a 100,155 SF, 98% occupied neighborhood retail center located in the Puget Sound Region of Washington State. The property is anchored by Grocery Outlet and Ross Dress for Less, two leading value retailers representing 41% of the GLA, with staggered lease expirations that minimize rollover risk.The inline tenant base, spanning the main building and two adjacent strip centers, is anchored by long-tenured local operators, with approximately 34% of tenants having occupied the property for 14+ years. The service-oriented mix of tenants, including a laundromat, nail salon, mail services, and state agency offices, is largely insulated from e-commerce competition, while benefiting from the consistent foot traffic generated by the value anchors.Str