Property Details

10318 Evergreen Way
Everett, WA 98204
$1,900,000
CBA# 711377 courtesy of CBA Listing firm: Kidder Mathews

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10318 Evergreen Way, Everett

1 / 13
Office / Retail
Property Type
689
Bldg Sq Ft
6.00%
Cap Rate
2022
Year Built

Property Overview

We are 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.-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

Property Details

Property Information

Property Type Commercial Sale
Status Available
County Snohomish
Listed Jul 13, 2026

Financial Summary

Cap Rate 6.00%

Building & Use

Building Sq Ft 689
Zoning E-1
Possible Use Retail
Year Built 2022

Exterior & Lot

Year Built 2022

Location

City Everett
County Snohomish
Coordinates 47.90400, -122.24500
Listed By
David Gellner
Kidder Mathews

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