10318 Evergreen Way - Retail FOR SALE


Everett, WA 98204- Holly
$1,900,000 USD
206-747-4338
10318 Evergreen Way, Everett, WA for Sale
$1,900,000 USD
Retail - FOR SALE
1/15
null | 6.02% Cap Rate

10318 Evergreen Way
Everett, WA 98204
Holly


HIGHLIGHTS

  • Both tenants are on long-term lease structures, providing stable and predictable cash flow
  • Completed in October 2022, the property features modern construction with attractive design and high-quality materials
  • Strategically positioned along Evergreen Way/Pacific Highway, the property benefits from exceptional visibility and exposure
  • The asset is anchored by a drive-thru format, catering to convenience-driven consumer demand
  • Quick Quack leases seven (7) dedicated parking spaces for vacuum stalls, generating additional income

OVERVIEW

Kidder Mathews is pleased to present the opportunity to acquire a newly constructed, drive-thru–oriented Woods Coffee located in Everett, Washington. This high-quality asset is part of a dynamic new retail development that also features a Sonic Drive-In and Quick Quack Car Wash on adjacent parcels, creating a strong complementary tenant mix and consistent consumer draw. Strategically positioned at a signalized intersection with strong traffic counts, the property benefits from excellent visibility, accessibility, and exposure to daily commuter flow. The offering is further enhanced by long-term, triple-net (NNN) lease structures with both Woods Coffee and Quick Quack Car Wash, providing investors with stable, passive income and minimal landlord responsibilities.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Woods Cafe

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,369 SF

ZONING

B

APN/PARCEL ID

005352-000-010-01

ASK ABOUT THIS PROPERTY

David GellnerKidder MathewsMore Info
206-747-4338

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

David GellnerKidder MathewsMore Info
206-747-4338

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