Property Details

8500 Evergreen Way

Everett, WA 98208

$1,200,000

Available

CBA# 712915 courtesy of CBA Listing firm: First Western Properties – Tacoma, Inc.

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I’d like more information about 8500 Evergreen Way, Everett, MLS# 712915

Office / Retail

Property Type

5,244

Bldg Sq Ft

6.00%

Cap Rate

1976

Year Built

Property Overview

Excellent opportunity to acquire a fully remodeled drive-thru QSR investment located on high-traffic Evergreen Way in Everett. The property is leased to El Molino Mexican Cocina & Tortilleria, a local operator with strong community roots and a personal guarantee. Current rental rate is estimated to be below market, providing investors with meaningful upside through the lease’s fair market value renewal option in 2032.Features include 3% annual rent increases, strong visibility, and positioning within a dense retail corridor surrounded by national tenants and significant daily traffic counts.