|
|
|
|
Clayton Brown
Direct: (206) 826-5787
|
|
|
Marcus & Millichap, Inc.
Main: (206) 826-5700
www.marcusmillichap.com
|
|
|
|
|
|
|
|
FOR SALE - Listing #: 712416
Walgreens
2205 - 2227 Broadway , Everett WA98201
13,896 Available SF 13,896 SF
Agent Remarks
Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a corporate guaranteed absolute net Walgreens located in rapidly growing Everett, WA. The Property features an attractive assumable loan at roughly 85% LTV, fixed until March, 2029 at 5.19% interest only, resulting in a 27.60% cash-on-cash return. This location boasts strong historical store sales north of $3,000,000/year and has experienced an 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. The location is roughly a 10 minute drive from Paine Field, an international airport with total economic impact/bu
|
County
|
Snohomish
|
|
|
Market Area
|
Everett
|
|
|
Tax ID #
|
00439147400101
|
|
|
Price
|
$ 5,050,000
|
|
Property Details
|
Prop Type
|
Retail
|
|
|
# Floors
|
1
|
|
|
Bldg SF
|
13,896
|
|
|
Year Built
|
2003
|
|
|
Land SF
|
42,253
|
|
|
# Bldgs
|
1
|
|
|
Acres
|
0.97
|
|
|
# Parking Spaces
|
0
|
|
|
Office Class
|
|
|
|
|
|
|
|
|
|
Informational Links
|
|
|
