The Great Wall Shopping Mall is minutes away from the Westfield Southcenter Mall and is strategically located in a high traffic retail corridor within the growing Renton and Kent markets. The shopping mall is fully occupied and anchored by the 99 Ranch Market, the largest Asian American supermarket chain in the US.

Kidder Mathews has been retained to exclusively market for sale the Great Wall Shopping Mall and retail pad sites. The Great Wall Shopping Mall is minutes away from Westfield Southcenter Mall, IKEA, The Home Depot, Costco Wholesale, Regal Cinemas movie theatre, and many other national retailers. The Property fronts East Valley Highway with traffic counts exceeding 25,000 vehicles per day.

As one of the few Asian supermarkets in Seattle, the popularity of the 99 Ranch Market attracts growing Asian American shoppers from all corners of the Puget Sound region. The Property’s strong mix of e-Commerce resistant tenants provides potential investors with immediate stability on rental income with growth potential.

The recently approved rezoning ordinance offers investors an excellent opportunity to redevelop the shopping mall and retail pads for greater investment return. The approved rezoning allows developers to build a variety of residential and commercial projects with a building height limit to 65 feet or higher (subject to design review with city officials).

The Offering

Offering Price Unpriced
Current Occupancy 100%
Address 18230-18234 E Valley Highway, Kent, WA
Gross Leasable Area 100,153 SF
Total Land Area 8.97 Acres
Approved Rezoning GC-MU (General Commercial - Mixed-Use)
Permitted Uses Apartments, Townhomes, Senior Living Facility, Hotel, Office and Retail

Anchor Tenant

Investment Highlights


As the largest Asian American supermarket in the US; the 99 Ranch Market provides high quality Asian and American products at competitive pricing. It has been located at the Great Wall Shopping Mall for 20 years and has attracted shoppers throughout the Puget Sound region.


The 99 Ranch Market, showing its success and commitment to this location, extends its lease term to 2021, which provides stability to the offering.


Located 15 miles south of downtown Seattle and minutes away from the Westfield Southcenter Mall, the Great Wall Shopping Mall benefits from the high traffic counts and easy access to major freeways. On a daily basis, the shopping mall offers excellent visibility to over 100,000 vehicles traveling on the Washington SR-167.


95% of the occupied space is leased to e-commerce resistant tenants with complementary business offerings. The mall is occupied by 5 varieties of food-use and serviceoriented tenants, including grocery, restaurants, professional services, healthcare providers, and salons.


Opportunity to redevelop the existing shopping mall and retail pads for a higher investment return. The recently approved rezoning ordinance provides developers with an opportunity to redevelop into a variety of mixed-use projects with a building height limit of 65 feet or higher (subject to design review with city officials).


The common area expenses, as stipulated in their respective leases, are reimbursed by the tenants. Given that the ownership is only responsible for building structure repairs and maintenance, the offering provides consistent net yields for a potential investor.


The shopping mall benefits from the explosive economic population and income growth of the Greater Seattle area. The continued employment growth from Amazon and other high-tech companies supports the strong tenant demand and further rent escalation for the foreseeable future.

Property Details

Great Wall Shopping Mall

Address 18230-18234 E Valley Highway
Kent, WA 98032
Parcel # 312305-9082
Gross Leasable Area 100,153 SF
Built/Renovated 1988/1998
Construction Reinforced Concrete
Building Height 20’
Parking 434 Stalls
Dock Doors 3
Occupancy 100%
Anchor Tenant 99 Ranch Market
No. of Tenants 36
Site Size 344,357 SF (7.91 AC)
Approved Rezoning GC-MU (General Commercial – Mixed-Use)

Retail Pads

Address 18234 & 18232 E Valley Highway
Kent, WA 98032
Parcel # 312305-9162 & 312305-9163
Land Area 15,766 SF & 30,600 SF (0.36 AC & 0.70 AC)
Approved Rezoning GC-MU (General Commercial – Mixed-Use )
Topography Flat
Current Use Parking lot

GC-MU Zoning

Partial List of Permitted Use
Apartments, Townhomes, Senior Living Facility, Hotel, Office and Retail

City of Kent

Height Limit
65 feet. Additional height could be achieved through design review with City of Kent

Anchor Tenant

The 99 Ranch Market was founded in 1984 by Roger Chen in Westminster, California and is currently headquartered in Buena Park, California. With its effective distribution and merchandising of various Asian and American products, the 99 Ranch Market offers customer with high quality Asian products at competitive pricing.

As its effort to expand across the country, the company opened its first non-California store at the Great Wall Shopping Center in 1998. Over the years, the 99 Ranch Market has developed into the largest Asian supermarket chain in the US, with its own farms and processing facilities. Currently, the 99 Ranch Market has 47 stores across the State of California, New Jersey, Nevada, Oregon, Texas, and Washington.

Showing its success and commitment to this location, the 99 Ranch Market extended its lease at Great Wall Shopping Mall to 2021.


96% of the occupied space is leased to e-commerce resistant tenants


City of Kent

Incorporated in 1890, Kent is King County’s second oldest and third largest city. It is home to over 125,000 residents and an inheritor of a legacy of more than 50 years in space research and development. From the first lunar rover developed at Boeing’s famous Kent Space Center to the creation of next-generation rockets at Blue Origin headquarters, brilliant scientists and engineers are continuing to develop the world’s most advanced outer space vehicles in Kent.

The city’s close proximity to SeaTac International Airport, its growing cultural fluency, and the contributions of its population to the Seattle metropolitan area are counted among the city of Kent’s many competitive advantages. More than 130 languages are spoken in Kent’s primary schools, and its two colleges, Green River and Highline, are home to growing populations of international students. Beyond its manufacturing and corporate ties to international commerce, Kent is a highly globalized community with one of the most diverse resident populations in the United States.

Major Kent Employers

Kent School Dist.
City of Kent
Mikron Industries
Sysco Dist. Center
King County Regional Justice Center
Alaska Airlines

City of Renton

Renton is Washington State’s 13th largest city and King County’s 6th largest city with a population of about 101,300. Aside from being known as a growing urban center, Renton is also a nice residential area with views of the Olympic Mountains, the Cascade Mountain range and also Mount Rainier. The Cedar River also runs through the downtown area.

Renton is an attractive place to live due to its proximity to major cities. New amenities such as the newly renovated pavilion, performing arts center, parking garage and new aquatic center offer residents many different activities in downtown Renton. Renton also produces one of the most educated workforce populations in the nation. Residents are serviced by six 4-year colleges and universities, eight community and technical colleges and a great number of private schools within the city’s 25 mile radius.

Major Renton Employers

Valley Medical Center
Renton School District
Federal Aviation Administration
ER Solutions
City of Renton
Providence Health & Services
Convergent Outsourcing Inc.

Drive Times

Retail Trade Area

To The North

To The South

To The East

Market Area

Puget Sound Overview

Washington State’s population has grown 14.1%, outpacing the national average.

Puget Sound is one of the most desirable regions in the United States to live, between the scenic backdrop, recreational opportunities, thriving economy and some of the world’s top employers. Over the last decade Washington State’s population has grown 14.1%, outpacing the national average, largely due to local companies’ rapid growth and new companies relocating to the region. The Puget Sound region is one of the most vibrant economies in the United States.

Contributing factors to strong regional economy:

  • Close proximity to Seattle-Tacoma International Airport (the fastest growing large airport in the US in 2015 and 2016) and the Ports of Seattle and Tacoma
  • Home to 12 Fortune 1000 companies, including Microsoft, Costco, Symetra Financial, Amazon.com, Boeing, REI, Paccar, Expedia, Starbucks, Alaska Airlines, Nordstrom, and Esterline Technologies

Employment Growth

Over 75,000 jobs were added during 2016 in the Seattle MSA (Seattle / Eastside / Everett) which is an annualized growth rate of 5.01%. The current unemployment rate is 2.9%. Employers are having trouble finding skilled workers, especially in STEM (Science / Technology / Engineering / Math) related jobs. More than 35,000 tech related jobs are unfilled in Seattle. Strong growth among a wide variety of tech and business sector companies helped fuel the supply of new jobs.

Seattle Cultural / Quality of Life Highlights

The Seattle region has an international reputation as a mecca for those who love the great outdoors, with immediate access to water, golf courses, and the mountains. Seattle is blessed with one of the most stunning backgrounds, surrounded by water, the Puget Sound, Lake Washington and Lake Union, with the Olympic and Cascade mountain ranges in the distance.


  • One of the top educated regions in America
  • Seasonal climate / weather
  • Award winning restaurants
  • Active nightlife
  • Vast cultural activities and inclusion
  • Beautiful surroundings
  • Highly walkable
  • Low crime rate

Major Regional Employers

Microsoft, Boeing, and now Amazon, have been major tenants in the Puget Sound’s office markets. An emerging trend in this area, however, has been the growth of startup technology and life science companies, thanks largely to a highly educated employee base.

The University of Washington, Seattle University, and young employee alumni of Microsoft and Amazon have amplified the entrepreneurial spirit in the area.

Further, the world’s best capitalized non-profit, Bill and Melinda Gates Foundation, located one half mile north of 1513 3rd Avenue, with a commitment to entrepreneurialism, expanded educational opportunities, and access to information technology.

Offering Memorandum

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