1416 Harvey Rd - Drug Store FOR SALE


Auburn, WA 98002- North Auburn
$7,900,000 USD
425-586-5646
1416 Harvey Rd, Auburn, WA for Sale
$7,900,000 USD
Drug Store - FOR SALE
1/2
null | Request Cap Rate

1416 Harvey Rd
Auburn, WA 98002
North Auburn


OVERVIEW

Colliers is pleased to present the exclusive offering of 1416 Harvey Road. Built in 2006, the 14,560 SF on a 79,404 SF lot building operates as a Walgreens Drugstore in Auburn, WA. There is 56 years left of a 75 year lease, Walgreens has indicated they intend to stay long term. A NNN Lease Base Rent is $492.999.96 per year. The lease includes potential for percentage rent if sales exceed NNN Lease has a percentage rent override of 2.0% of gross sales and 0.5% of food and prescriptions.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$617 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,404 SF

ZONING

C3, Auburn

APN/PARCEL ID

257840-0050,257840-0070

ASK ABOUT THIS PROPERTY

Ryan OlsonColliersMore Info
425-586-5646

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Ryan OlsonColliersMore Info
425-586-5646

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