12811 4th Ave W - Fast Food FOR SALE


Everett, WA 98204
$2,940,000 USD
206-518-9567
12811 4th Ave W, Everett, WA for Sale
$2,940,000 USD
Fast Food - FOR SALE
1/16
null | 5% Cap Rate

12811 4th Ave W
Everett, WA 98204


HIGHLIGHTS

  • The Tenant relocated to this site in 2016 and completed a full store remodel in 2023 at the Tenant’s cost
  • The Tenant executed their option early with a 10% rental increase in May 2026, moving the going-in cap rate approximately 60 basis points
  • This has operated as a successful Starbucks location since 2016, featuring over 8 years of historical occupancy
  • Placer.ai ranks this location in the top 13% in Washington State and top 30% in the country for total visits for Starbucks locations
  • The offering presents a rare opportunity to acquire a single-tenant drive-thru on a highly sought after corner location
  • The lease has a corporate guarantee with Starbucks, providing strong investment grade credit from a leading nationally recognized company

OVERVIEW

Starbucks presents an exceptional investment opportunity, benefiting from a phenomenal ‘story’ with Starbucks relocating to this site in 2016 from a neighboring in-line store location, recently exercising an early five-year option providing six years of lease term remaining, completing an extensive store remodel in 2023 at the Tenant’s costs, and a 10% rental increase in May 2026 increasing the going-in yield approximately 60 basis points. Located on a prime corner parcel at the intersection of 4th Ave W and 128th St SW in Everett, the asset is strategically positioned and sees ample consumer foot traffic and vehicle traffic counts in excess of 50,000 cars per day. This opportunity offers ease of management, and strong growth potential, and stands as a prime acquisition for investors looking for a high-quality, secure, and growth-oriented real estate asset.

FOR SALE DETAILS

PRICE

$2,940,000 USD

PRICE/SF

$1,434 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Everett Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

FS

APN/PARCEL ID

006468-000-001-00

ASK ABOUT THIS PROPERTY

Billy SleethNewmarkMore Info
206-518-9567

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Billy SleethNewmarkMore Info
206-518-9567

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.