805 S 5th St | Mount Vernon, WA 98273
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- LoopNet Team
805 S 5th St
Mount Vernon, WA 98273
7-Eleven · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand new construction occupied by 7-eleven corporate, an investment grade tenant (S&P:AA-).
- Strategically positioned directly in front of the on-off ramps to I-5, with commuter traffic in excess of 76,000 vehicles per day.
- Part of the Station Square development that will also feature Skagit Regional Health and Wendy's.
- 15-year Absolute Net Ground Lease with 10% rental increases every 5 years.
- Located at the gateway to historic downtown Mount Vernon, adjacent to Skagit Station Multimodal transportation hub.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,010 SF
Building Class
C
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.05 AC
Zoning
Commercial
Parking
21 Spaces (2.65 Spaces per 1,000 SF Leased)
Frontage
156’ on East Kincaid Street
PROPERTY TAXES
| Parcel Number | P134972 | Improvements Assessment | $2,475,600 |
| Land Assessment | $1,153,500 | Total Assessment | $3,629,100 |
PROPERTY TAXES
Parcel Number
P134972
Land Assessment
$1,153,500
Improvements Assessment
$2,475,600
Total Assessment
$3,629,100
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