LISTING DETAILS

Mount Vernon Center

525 E College Way Mount Vernon WA 98273

Listing #: 712396 | Status: Available | Last Modified: 5/4/2026

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Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income0
Vacancy Factor %0.00%
Operating Expenses0
Net Operating Income0
CAP Rate6.75 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Retail Asset Class Info
Crane Tonnage0
Building Information
Building StatusExisting
# of Buildings1
# of Floors1
# of Elevators0
A/CYes
Total Building SF98,239 SF
Net Rentable Area98,239 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF356,321 SF
Acres8.18
Year Built1978
Construction TypeFramed
Property Type
Property TypeRetail
Location
CountySkagit
Market AreaSkagit County
Tax ID #563f8a4d-7c2f-4253-82ee-5
ZoningC-2
Parking Information
#Covered Spaces0
# Uncovered Spaces100
Total Parking Spots100
Parking Ratio0

Mount Vernon Center

Public Comments

The Verger Team is 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 a

Public Building Comments

High traffic/Visibility. Large retail/office center. Excellent parking and access to College Way, Riverside Dr. and I-5. Tenants include 24 hr Fitness, Value Village, China Buffett, DLI and others.

Mount Vernon Center
525 E College Way Mount Vernon WA 98273

Listing #: 712396 | Status: Available | Listing Date: 5/4/2026 | Last Modified: 5/4/2026 | Email Listing

For Sale

Mount Vernon Center

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