12811 4th Ave W
Everett WA 98204
Everett Starbucks
12811 4th Ave W Everett WA 98204
Listing #: 690598 | Status: Pending | Status Change Date: 12/18/2024 | Last Modified: 1/21/2025 |
For Sale
- Phone:(206) 518-9547
- Email:paul.sleeth@nmrk.com
- Office Name:Newmark
- Office Phone:(206) 388-3000
- Office Website:www.nmrk.com
- Agent Phone:(206) 518-9567
- Agent Email:billy.sleeth@nmrk.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,940,000.0
- $/SF$ 1,434.1
- Listing StatusPending
- Days on Market35
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 5.00 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF2050
- Net Rentable Area2050
- Total Office SF
- Largest Contiguous SF
- Lot SF22216
- Acres0.51
- Property TypeRetail
- Office Type
- InvestmentYes
- Building Class
- CountySnohomish
- Vicinity
- Location Description
- Second Address
- Cross Street128th St SW
- Market AreaMukilteo
- Tax ID #00646800000100
- Additional Parcels
- ZoningUC
- # Covered Spaces0
- # Uncovered Spaces30
- Total Parking Spots30
- Parking Ratio
- Year Built2016
- Year Renovated2023
- Completion Date
- Roof Type
- Construction TypeFramed
12811 4th Ave W
Starbucks presents an exceptional investment opportunity, benefiting from a phenomenal ‘story’ with Starbucks relocating to this site in 2016 from a neighboring in-line store location, recently exercising an early five-year option providing six years of lease term remaining, completing an extensive store remodel in 2023 at the Tenant’s costs, and a 10% rental increase in May 2026 increasing the going-in yield approximately 60 basis points. Located on a prime corner parcel at the intersection of 4th Ave W and 128th St SW in Everett, the asset is strategically positioned and sees ample consumer foot traffic and vehicle traffic counts in excess of 50,000 cars per day. This opportunity offers ease of management, and strong growth potential, and stands as a prime acquisition for investors looki
Drive-Thru, Pad(s), Restaurant, Stand-Alone