2205 Broadway Ave - Drug Store FOR SALE


Everett, WA 98201- Riverside
$5,550,000 USD
206-826-5787
2205 Broadway Ave, Everett, WA for Sale
$5,550,000 USD
Drug Store - FOR SALE
1/3
null | 7.75% Cap Rate

2205 Broadway Ave
Everett, WA 98201
Riverside


HIGHLIGHTS

  • Strong Store Sales In Excess Of $3,150,000 Per Year (Contact Listing Agent For Details)
  • Absolute NNN | Corporate Guarantee | Limited Drug Store Competition
  • Signalized Hard Corner With High Traffic Counts (25,000+ VPD)
  • Located In High-Growth Sub-Market With Affluent Demographics
  • Located Adjacent To High-Volume Safeway And QFC Grocery Stores | Located Near Paine Field International Airport And The Commons Naval Station Everett
  • Income Tax Free State

OVERVIEW

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a corporate guaranteed Absolute NNN Walgreens located in rapidly growing Everett, WA. The Absolute NNN lease is guaranteed by Walgreens (Walgreens Boots Alliance Inc.), with nearly 9,000 stores. This location boasts strong reported store sales north of $3,150,000/year and has recently experienced a further increase in sales and prescriptions after the recent closing of the Bartell Drugs (Rite Aid) location roughly 0.3 miles to the north. The Property is strategically located at a signalized hard corner with four ingress/egress points and a drive-thru providing excellent visibility and access. The location is roughly a 10 minute drive from Paine Field, an international airport with total economic impact/business revenue of nearly $60 billion annually and 158,227 jobs (direct and indirect, per Snohomish County). The Property is located less than 5 minutes away from The Commons Naval Station Everett (NSE), which is the home port of Carrier Strike Group 11, claimed “as the single most powerful mobile force in the world,” and at the moment, home to approximately 6,000 Navy personnel. Within a 5-mile radius of the Subject Property, there are over 119,000 residents with average household incomes in excess of $105,000/ year. Since 2010, the surrounding area has grown by over 13%.

FOR SALE DETAILS

PRICE

$5,550,000 USD

PRICE/SF

$399 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

MU

APN/PARCEL ID

004391-474-004-00

ASK ABOUT THIS PROPERTY

Clayton BrownMarcus & MillichapMore Info
206-826-5787

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Clayton BrownMarcus & MillichapMore Info
206-826-5787

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