Property Details

1416 Harvey Rd

Auburn, WA 98002

$5,800,000

Available

CBA# 707477 courtesy of CBA Listing firm: Colliers International WA, LLC

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I’d like more information about 1416 Harvey Rd, Auburn, MLS# 707477

Office / Retail

Property Type

14,560

Bldg Sq Ft

2006

Year Built

Property Overview

We are 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.Masonry construction with brick exterior. The property is zoned C-3 Retail which is compliant with the use.