NWC 132nd Street SE & 16th Avenue SE - Bank FOR SALE


Everett, WA 98208
$2,888,888 USD
619-361-7662
NWC 132nd Street SE & 16th Avenue SE, Everett, WA for Sale
$2,888,888 USD
Bank - FOR SALE
1/6
null | 4.5% Cap Rate

NWC 132nd Street SE & 16th Avenue SE
Everett, WA 98208


HIGHLIGHTS

  • Brand new construction 2023/2024
  • Outparcel at the signalized main entrance to a Fred Meyer & Walgreens Grocery / Drug Anchored Shopping Center
  • 1.5 miles east of the Link Light Rail at Mariner Station

OVERVIEW

This property, located at the northwest corner of 132nd Street SE and 16th Avenue SE in Everett, Washington, is a ~3,000 square-foot building on approximately 0.43 acres of land. Built in 2023, it is leased to JPMorgan Chase Bank, N.A. under a 15-year absolute NNN ground lease with 10% rent increases every five years. The sale price is $2,888,888, with a net operating income of $130,000 and a 4.5% cap rate.

FOR SALE DETAILS

PRICE

$2,888,888 USD

PRICE/SF

$963 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

CB

APN/PARCEL ID

280530-004-083-00

ASK ABOUT THIS PROPERTY

Kevin HeldSRS Real Estate PartnersMore Info
619-361-7662

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Kevin HeldSRS Real Estate PartnersMore Info
619-361-7662

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