1825 Broadway | Everett, WA 98201
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- LoopNet Team
1825 Broadway
Everett, WA 98201
Bartell Drugs · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- RECENT LEASE EXTENSION The tenant has shown commitment to this strategic location by recently exercising their ?rst 5-year option.
- SIGNIFICANT RENTAL UP SIDE The below market rent provides for much lower renewal risk in subsequent option periods.
- STRONG CORPORATE GUARANTEE The lease is guaranteed by Bartell Drugs, a wholly owned subsidiary of publicly traded Rite Aid Corporation (NYSE:RAD)
- RARE RENTAL INCREASES IN OPTIONS The lease features very rare rental increases in each of the 5-year option periods.
- SURROUNDING NEW DEVELOPMENTS Multiple ongoing developments including a 1.5M square foot mixed-use project and Kaiser Permanente’s 165,000 square foot
- PROXIMIT Y TO HEALTHCARE PROVIDERS The property is the closest freestanding pharmacy to Providence Regional Medical Center and Seattle Children’s Nort
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
15,427 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.90 AC
Zoning
B2, Everett - Mixed-Urban Zoning
Parking
46 Spaces (2.98 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
PROPERTY TAXES
| Parcel Number | 004379-363-010-00 | Improvements Assessment | $1,484,800 |
| Land Assessment | $1,601,800 | Total Assessment | $3,086,600 |
PROPERTY TAXES
Parcel Number
004379-363-010-00
Land Assessment
$1,601,800
Improvements Assessment
$1,484,800
Total Assessment
$3,086,600
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