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10200 Edmonds Way
Edmonds, WA 98020
Pagliacci · Retail Property For Sale
PROPERTY FACTS
ABOUT 10200 EDMONDS WAY , EDMONDS, WA 98020
Pagliacci Pizza is currently in Year 3 of their first 5-year option to extend. The Pagliacci Pizza Building provides an investor with the opportunity to enjoy stable cash flow from one of the region’s premier pizza chains, with tremendous upside upon the expiration of the ground lease in March 2026. The rental rate will adjust at the start of the second 5-year option to extend, and shall increase by 3% annually. At the end of the second option period in March 2026, the building and improvements will revert to the property owner, and provide the opportunity to lease the building at a market rate, dramatically increasing both cash flow and building value.
PROPERTY TAXES
| Parcel Number | 006107-002-020-02 | Improvements Assessment | $752,200 |
| Land Assessment | $672,800 | Total Assessment | $1,425,000 |
PROPERTY TAXES
