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Rite Aid 520 W Washington St 17,278 SF of Retail Space Available in Sequim, WA 98382
HIGHLIGHTS
- 17,278 Square foot former Rite Aid located on 1.48 Acres located in central Sequim
- Property has refrigerators and freezers that were in use by Rite Aid
- Located at a signalized intersection on the main thoroughfare with a dual drive through
- Available for sale and lease
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 17,278 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
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.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Central Air Conditioning
- Private Restrooms
- Freezer Space
- Security System
- High Ceilings
- Drive Thru
- Call Bill Allen for more information
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 17,278 SF | Gross Leasable Area | 17,278 SF |
| Property Type | Retail | Year Built | 2007 |
| Property Subtype | Drug Store |
| Total Space Available | 17,278 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 17,278 SF |
| Year Built | 2007 |
ABOUT THE PROPERTY
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.
- Mezzanine
- Security System
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Storage Space
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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Rite Aid | 520 W Washington St
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