Log In/Sign Up
Your email has been sent.
Walgreens 1416 Harvey Rd 12,812 SF Retail Building Auburn, WA 98002 $5,800,000 ($452.70/SF) 8.50% Cap Rate
Executive Summary
Colliers is pleased to present the exclusive offering of 1416 Harvey Road. Built in 2006, the 14,560 SF on a 79,404 SF lot building operates as
a Walgreens Drugstore in Auburn, WA. There is 56 years left of a 75 year lease, Walgreens has indicated they intend to stay long term. A NNN
Lease Base Rent is $492.999.96 per year. The lease includes potential for percentage rent if sales exceed NNN Lease has a percentage rent
override of 2.0% of gross sales and 0.5% of food and prescriptions.
a Walgreens Drugstore in Auburn, WA. There is 56 years left of a 75 year lease, Walgreens has indicated they intend to stay long term. A NNN
Lease Base Rent is $492.999.96 per year. The lease includes potential for percentage rent if sales exceed NNN Lease has a percentage rent
override of 2.0% of gross sales and 0.5% of food and prescriptions.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,812 SF
Building Class
B
Year Built
2003
Price
$5,800,000
Price Per SF
$452.70
Cap Rate
8.50%
NOI
$493,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.82 AC
Zoning
C3, Auburn
Parking
78 Spaces (5.36 Spaces per 1,000 SF Leased)
Amenities
- Car Charging Station
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,292,700 | |
| Land Assessment | $1,630,900 | Total Assessment | $6,923,600 |
Property Taxes
Parcel Numbers
Land Assessment
$1,630,900
Improvements Assessment
$5,292,700
Total Assessment
$6,923,600
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Walgreens | 1416 Harvey Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.