Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a corporate guaranteed Walgreens (NASDAQ: WBA), located in the rapidly growing Mill Creek/Everett submarket (Seattle MSA). Strategically positioned at a signalized hard corner with over 58,000 vehicles per day, this Walgreens benefits from prime visibility and accessibility at the high-traffic intersection of Bothell Everett Hwy and 132nd St SE, just minutes from Interstate 5. The property sits as a pad to one of the highest-performing Fred Meyer locations in the nation, ranked in the top 83% of all Fred Meyer locations nationally (2,000,000+ visitors) per Placer.ai. The property enjoys strong consumer draw and consistent foot traffic. Walgreens is currently paying $23.30/SF with market rents achievable in the $27/SF to $30/SF+ range providing future upside to an owner. Walgreens recently reaffirmed its commitment to the location by exercising a 5-year lease extension, with six, 5-year options remaining, highlighting its 25-year track record of success at this site. Secured by a NNN lease, the property provides an investor with minimal landlord responsibilities. The lease is backed by a corporate guarantee from Walgreens Boots Alliance Inc. (NASDAQ: WBA), a leading pharmacy and health & beauty retailer with Over 8,500
locations nationwide. Situated in a high-growth sub-market, the surrounding population has surged by 60% since 2010, now exceeding 315,000 residents with an average household income of $125,000+ within a 5-mile radius. Additionally, investors benefit from Washington State’s favorable tax environment, as it imposes no state income tax.