8500 Evergreen Way
Everett WA 98208
8500 Evergreen Way
8500 Evergreen Way Everett WA 98208
Listing #: 712915 | Status: Available | Last Modified: 5/14/2026 |
For Sale
- Phone:(253) 471-5508
- Email:jsullivan@firstwesternproperties.com
- Office Name:First Western Properties - Tacoma, Inc.
- Office Phone:(253) 472-0404
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,200,000.0
- $/SF$ 228.8
- Listing StatusAvailable
- Days on Market27
- Asset ClassRetail, Hotel/Motel
- Terms
- Investment Type
- Investment PropYes
- Gross Income74,160
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income74,160
- CAP Rate 6.18 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- AnchorBank of America
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF5244
- Net Rentable Area5244
- Total Office SF
- Largest Contiguous SF
- Lot SF35284
- Acres0.81
- Property TypeRetail
- Office Type
- InvestmentYes
- Building Class
- CountySnohomish
- Vicinity
- Location Description
- Second Address
- Cross StreetCasino Rd
- Market AreaMukilteo
- Tax ID #28041300100100
- Additional Parcels
- ZoningMU
- Year Built1976
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeBrick, Concrete, Masonry
NNN Lease QSR Investment
Excellent opportunity to acquire a fully remodeled drive-thru QSR investment located on high-traffic Evergreen Way in Everett. The property is leased to El Molino Mexican Cocina & Tortilleria, a local operator with strong community roots and a personal guarantee. Current rental rate is estimated to be below market, providing investors with meaningful upside through the lease’s fair market value renewal option in 2032. Features include 3% annual rent increases, strong visibility, and positioning within a dense retail corridor surrounded by national tenants and significant daily traffic counts.
Drive-Thru, Mixed-Use, Pad(s), Restaurant, Stand-Alone, Mini-Mart/C-Store, Salon/Spa, Bank, Bar/Tavern/Night Club