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7500 Hardeson Rd
Everett, WA 98203
7-Eleven · Retail Property For Sale
Investment Highlights
- Brand new build-to-suit construction occupied by 7-Eleven Corporate, an investment grade credit tenant (S&P: AA-).
- Upside through development potential of a freestanding or inline retail with a drive-thru located adjacent to 7-Eleven on samepad.
- Located on the corner of Hardeson St. & Hardeson Rd, which has access to Boeing Frwy containing over 75,000 vehicles per day.
- 15-Year NNN lease with 7.5% rent increases every 5 years; scheduled rent bumps increase yield an estimated 30 basis points at year 6.
- Pad site is included in offering, a $460k value.
- Strong local demographics with an average household income of $99,000 and over 215,000 residents within a five mile radius.
Property Facts
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,971 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.32 AC
Zoning
LI2 - Commercial
Parking
14 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
Property Taxes
| Parcel Number | 280412-003-058-00 | Improvements Assessment | $1,413,600 |
| Land Assessment | $1,024,400 | Total Assessment | $2,438,000 |
Property Taxes
Parcel Number
280412-003-058-00
Land Assessment
$1,024,400
Improvements Assessment
$1,413,600
Total Assessment
$2,438,000
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