Property Details

9004 Vernon Rd

Lake Stevens, WA 98258

$4,750,000

Off Market

CBA# 708924 courtesy of CBA Listing firm: Kidder Mathews

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I’d like more information about 9004 Vernon Rd, Lake Stevens, MLS# 708924

Office / Retail

Property Type

11,500

Bldg Sq Ft

Units

2015

Year Built

Property Overview

We are pleased to present the opportunity to acquire a Single Tenant – NNN, Petco located in Lake Stevens, Washington, with a newly executed 10-Year Lease Extension. The 11,550 SQFT property is leased directly to Petco Animal Supplies Stores, Inc., the Corporate Operating entity with over 1,500 Locations Nationwide. The lease includes Scheduled Rent Increases every 5-Years, offering predictable income growth with minimal landlord expense exposure.Strategically positioned within a high-barrier-to-entry retail corridor, the property offers excellent visibility and access along State Route 204, the primary east-west arterial connecting Lake Stevens to Everett and the I-5 corridor, with close proximity to State Route 9, the area’s dominant north-south highway. The site is surrounded by stron