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Investment Highlights
- 17,278 Square foot former Rite Aid located on 1.48 Acres located in central Sequim
- Adjacent to a Safeway anchored shopping center with branded gas station, Chase Bank, and Burger King
- Mild and dry climate makes Sequim a desirable place to live or stay while visiting Olympic National Park and other sights
- Located at a signalized intersection on the main thoroughfare with a dual drive through
- Large big box retailers including a Walmart supercenter, Home Depot and Costco draw shoppers from a large trade area
Executive Summary
The subject property is a 17,278 square foot former Rite Aid drugstore located on a 1.48 Acre lot. Positioned at a signalized intersection in central Sequim it is directly adjacent to a grocery anchored shopping center which includes a Safeway market and gas station, Chase Bank and Burger King. Walgreens, McDonald’s and Wells Fargo are located
across the street. Additionally, Sequim is home to a number of big box retailers including a Walmart supercenter, Home Depot and Costco all of which attract shoppers from a large trade area.
Known as the “Lavender Capital of North America” Sequim lies within the rain shadow of the Olympic Mountains and receives, on average, less than 16 inches of rain per year – about the same as Los Angeles, California, but is relatively close to some of the wettest temperate rainforests of the contiguous United States. This unique location offers
Residents and visitors, a blend of both coastal and mountainous landscapes with the Strait of Juan de Fuca located to the North and the towering peaks of the Olympic Mountains to the South.
Ideal for an owner/occupant or investor this offering provides the opportunity to establish a presence in central Sequim at a signalized intersection on the main thoroughfare adjacent to a grocery anchored shopping center.
across the street. Additionally, Sequim is home to a number of big box retailers including a Walmart supercenter, Home Depot and Costco all of which attract shoppers from a large trade area.
Known as the “Lavender Capital of North America” Sequim lies within the rain shadow of the Olympic Mountains and receives, on average, less than 16 inches of rain per year – about the same as Los Angeles, California, but is relatively close to some of the wettest temperate rainforests of the contiguous United States. This unique location offers
Residents and visitors, a blend of both coastal and mountainous landscapes with the Strait of Juan de Fuca located to the North and the towering peaks of the Olympic Mountains to the South.
Ideal for an owner/occupant or investor this offering provides the opportunity to establish a presence in central Sequim at a signalized intersection on the main thoroughfare adjacent to a grocery anchored shopping center.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
17,278 SF
Building Class
C
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.48 AC
Opportunity Zone
Yes
Zoning
CMU - CMU - Community Mixed Use
Frontage
200’ on W Washington St
Amenities
- Mezzanine
- Security System
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Storage Space
- Monument Signage
- Air Conditioning
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 20962 | Improvements Assessment | $2,478,775 |
| Land Assessment | $871,589 | Total Assessment | $3,350,364 |
Property Taxes
Parcel Number
20962
Land Assessment
$871,589
Improvements Assessment
$2,478,775
Total Assessment
$3,350,364
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Former Rite Aid Pharmacy | 520 W Washington St
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