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718 91st St
Lake Stevens, WA 98258
15 Years NNN Rent in Affluent Suburb · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Drug Store
Building Size
14,891 SF
Building Class
B
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.19 AC
Zoning
PCB
Parking
49 Spaces (3.2 Spaces per 1,000 SF Leased)
Frontage
300’ on 91st Ave NE

Amenities

  • Pylon Sign
  • Drive Thru

About 718 91ST ST , LAKE STEVENS, WA 98258

Well positioned in the heart of the trade area. Walgreens out-positions its competitors and will be the dominant drug store in the trade area. Located on SR-204 and one block west of SR-9, the two main thoroughfares servicing Lake Stevens. The access and visibility from the two state route highways is unparalleled. Lake Stevens is a high barriers to entry market with minimal commercially zoned land available for development. Walgreens will remain the only free-standing drug store with a drive-thru for the foreseeable future as it is extremely difficult to obtain entitlements for a free-standing drug store on the remaining commercially zoned sites. There are three grocery-anchored centers and a 125,000 square foot Target that anchor the trade area. Currently Bartell Drugs and Rite Aid are located within two blocks of Walgreens. These centers are in-line in shopping centers without drive-thru access.

Property Taxes

Property Taxes

Parcel Number
005180-000-022-02
Land Assessment
$1,688,200
Improvements Assessment
$3,135,500
Total Assessment
$4,823,700
  • Listing ID: 17341033

  • Date on Market: 10/1/2019

  • Last Updated:

  • Address: 718 91st St, Lake Stevens, WA 98258

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