Walgreens NNN Property For Sale — Everett, WA
2205 Broadway, Everett, WA 98201
This Walgreens property offers an exceptional investment opportunity in Everett, WA, backed by a corporate guaranteed absolute net lease. The location features strong, increasing store sales, benefiting from recent market consolidation. Situated on a signalized hard corner with excellent visibility and drive-thru access, the property is strategically located near Paine Field International Airport and the Naval Station Everett, ensuring a robust customer base. The offering includes attractive assumable financing with a competitive interest rate, providing a strong cash-on-cash return. This property represents a stable, passive investment in a growing market within the Seattle MSA.
- Address: 2205 Broadway, Everett, WA 98201
- Asking price $6.37M
- 6.75% cap rate
- NOI $430,000
- 2.6 years remaining
- NNN lease
- Year built: 2003
- Building size: 13,896 SF
- Lot size: 0.97 acres
- Lease expiration: Mar 31, 2029
- Rent increases: None
- Guarantor: Corporate
Location
This Walgreens property is at 2205 Broadway in Everett, Washington.
Asset type: Retail