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Walgreens 1416 Harvey Rd 12,812 SF Retail Building Auburn, WA 98002 $7,900,000 ($616.61/SF)
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
$7,900,000
Price Per SF
$616.61
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
Walk Score®
Very Walkable (79)
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
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Walgreens | 1416 Harvey Rd
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