12811 4th Ave W - Fast Food FOR SALE
Everett, WA 98204 |
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
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Everett Starbucks
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
2050
STORIES
1
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
006468-000-001-00
