Bought with NWMLS-NonOffice
$5,944,047
$5,944,047
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SOLD DATE : 02/02/2024
Key Details
Sold Price $5,944,047
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Everett
MLS Listing ID 2197402
Style 61 - Comm Bldg Ovr 10K
Year Built 2021
Property Sub-Type Commercial Industrial
Property Description
Brand new build-to-suit construction occupied by 7-Eleven Corporate, and investment grade credit tenant (S&P; AA-). 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. Located on the corner of Hardeson St. & Hardeson Rd, whish has access to Boeing Frwy containing over 75,000 vehicles per day.
Location
State WA
County Snohomish
Area 740 - Everett/Mukilteo
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