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525 E College Way Mount Vernon WA 98273
Listing #: 712396 | Status: Available | Last Modified: 5/4/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 0 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 0 |
| Net Operating Income | 0 |
| CAP Rate | 6.75 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 1 |
| # of Elevators | 0 |
| A/C | Yes |
| Total Building SF | 98,239 SF |
| Net Rentable Area | 98,239 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 356,321 SF |
| Acres | 8.18 |
| Year Built | 1978 |
| Construction Type | Framed |
| Property Type | |
|---|---|
| Property Type | Retail |
| Location | |
|---|---|
| County | Skagit |
| Market Area | Skagit County |
| Tax ID # | 563f8a4d-7c2f-4253-82ee-5 |
| Zoning | C-2 |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 100 |
| Total Parking Spots | 100 |
| Parking Ratio | 0 |
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
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












