520 W Washington St - Drug Store FOR SALE


Sequim, WA 98382
$3,300,000 USD
650-520-4188
520 W Washington St, Sequim, WA for Sale
$3,300,000 USD
Drug Store - FOR SALE
1/5
null | Request Cap Rate

520 W Washington St
Sequim, WA 98382


HIGHLIGHTS

  • 17,278 Square foot former Rite Aid located on 1.48 Acres located in central Sequim
  • Located at a signalized intersection on the main thoroughfare with a dual drive through
  • Adjacent to a Safeway anchored shopping center with branded gas station, Chase Bank, and Burger King
  • Large big box retailers including a Walmart supercenter, Home Depot and Costco draw shoppers from a large trade area
  • Mild and dry climate makes Sequim a desirable place to live or stay while visiting Olympic National Park and other sights

OVERVIEW

The subject property is a 17,278 square foot former Rite Aid drugstore located on a 1.48 Acre lot. Positioned at a signalized intersection in central Sequim it is directly adjacent to a grocery anchored shopping center which includes a Safeway market and gas station, Chase Bank and Burger King. Walgreens, McDonald’s and Wells Fargo are located across the street. Additionally, Sequim is home to a number of big box retailers including a Walmart supercenter, Home Depot and Costco all of which attract shoppers from a large trade area. Known as the “Lavender Capital of North America” Sequim lies within the rain shadow of the Olympic Mountains and receives, on average, less than 16 inches of rain per year – about the same as Los Angeles, California, but is relatively close to some of the wettest temperate rainforests of the contiguous United States. This unique location offers Residents and visitors a blend of both coastal and mountainous landscapes with the Strait of Juan de Fuca located to the North and the towering peaks of the Olympic Mountains to the South. Ideal for an owner/occupant or investor this offering provides the opportunity to establish a presence in central Sequim at a signalized intersection on the main thoroughfare adjacent to a grocery anchored shopping center.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Rite Aid Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,468 SF

ZONING

CMU

APN/PARCEL ID

20962

ASK ABOUT THIS PROPERTY

Bill AllenMarcus and Millichap Investment GroupMore Info
650-520-4188

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Bill AllenMarcus and Millichap Investment GroupMore Info
650-520-4188

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