For Representation Only SEATTLE MSA Desirable Pacific Northwest Location Exclusive Listing Agents: Jon Busse 11216 4th Avenue West, | Everett, WA 98204 760 930 7953
[email protected] Lic. #00854608 $5,857,000 | CAP 7% | NOI $410,000 » TENANT: Walgreens » BBB S&P Bond Rating 5901 Priestly Drive, Suite 100 Carlsbad, CA 92008 » +/- 9 Years Remaining Lease Term www.colliers.com/carlsbad » Drive Thru Pharmacy Location Washington Licensee Derek Heed
[email protected] » Larger Store Size Lic. #24256 » Walgreen’s Single Tenant, Absolute Net Lease Investment Property Description Well located single tenant, absolute NNN Leased Investment in the Pacific Northwest Region. Location: » Corner intersection at 112th Street SW and 4th Avenue West » Nearby tenants include Home Depot, Walmart, Albertson’s, Office Depot, Auto Zone, McDonald’s, Taco Bell, Denny’s, Outback Steakhouse, Domino’s Pizza, and Jack in the Box » Densely populated area in the suburbs of Seattle Tenant: » Investment Grade Tenant – BBB S&P Bond Rating » Walgreens | NYSE: (WAG) is the largest drugstore chain in the United States Lease Summary: » Absolute NNN Lease » Approximately 9 years of remaining lease term Sale Summary Property Use Type Investment Primary Type Retail Building Size 14,490 APN 004429-002-001-03 Parcel Size 1.37 AC Occupancy 100% Price $5,857,000 Price/SF $404.21 Cap Rate 7% Year Built 2003 Net Lease Investment Absolute NNN Options 10-5 Year ©2019 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification.