Property Details

2205 Broadway

Everett, WA 98201

$5,050,000

Available

CBA# 712416 courtesy of CBA Listing firm: Marcus & Millichap, Inc.

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I’d like more information about 2205 Broadway, Everett, MLS# 712416

Office / Retail

Property Type

13,896

Bldg Sq Ft

2003

Year Built

Property Overview

We have been selected to exclusively market for sale a corporate guaranteed absolute net Walgreens located in rapidly growing Everett, WA. The Property features an attractive assumable loan at roughly 85% LTV, fixed until March, 2029 at 5.19% interest only, resulting in a 27.60% cash-on-cash return. This location boasts strong historical store sales north of $3,000,000/year and has experienced an increase in sales and prescriptions after the recent closing of the Bartell Drugs (Rite Aid) location roughly 0.3 miles to the north. The Property is strategically located at a signalized hard corner with four ingress/egress points and a drive-thru. The location is roughly a 10 minute drive from Paine Field, an international airport with total economic impact/business revenue of nearly $60 billion