Property Details

9423 Evergreen Way

Everett, WA 98204

$2,200,000

Available

CBA# 704722 courtesy of CBA Listing firm: NAI Puget Sound Properties

Schedule a Showing

Select your date preference

Request More Info

I’d like more information about 9423 Evergreen Way, Everett, MLS# 704722

Office / Retail

Property Type

10,500

Bldg Sq Ft

1982

Year Built

Property Overview

Strong Corporate Backed Lease: Genuine Parts Company ranked #175 on the Fortune 500 list in 2024. With over 6,000+ locations across the United States and hundreds more across North America, Genuine Parts Co. is one of the largest automotive distributors in the world.NNN Lease Structure: The lease provides for minimal landlord responsibilities, providing a “hands-off”, coupon-clipper type offering for a passive investor.Below Market Rents: The current lease rate of $11.52/sf NNN is 40%-50% below market, offering significant long-term rental upside and equity appreciation.Priced Below Assessed Value: The offering price is below the current assessed value of $2,306,000.Prime Location on Evergreen Way: Located less than 1-mile from Everett Mall, the subject property is situated on one