INVESTMENT HIGHLIGHTS
Priced at 50% of Replacement Costs
The Property is priced at $200/SF, which is a fraction of the cost to build a comparable building in today’s market.
High-Quality Concrete Block Construction
The Property is 15,427 SF, built in 2000 and features concrete block construction.
Located Adjacent to High-Volume Safeway Grocery Store
The Property is located a block away from a strong performing Safeway featuring in excess of 530,000 visitors per year (Placer.ai).
Affluent, Growing Demographics
Within a 5-mile radius of the subject property, there are over 117,000 residents with average household incomes in excess of $96,000/year. Since 2010, the surrounding area has grown by nearly 13%.
Drive-Thru Permitted
The Property is equipped with abundant on-site parking and includes a drive-thru.
High-Traffic Location (24,000+ VPD)
The Property is located at a signalized intersection with exposure to over 24,000 VPD.
Signalized Hard-Corner with Excellent Visibility
The Property is located on a signalized hard-corner with excellent visibility and large signage.
Located Near Seattle Paine Field International Airport and The Commons Naval Station Everett
The Property is located roughly a 10 minute drive from Paine Field, an international airport with total economic impact/business revenue of nearly $60 billion annually and 158,227 jobs (direct and indirect, per Snohomish County). Also, the Property is located less than 5 minutes away from The Commons Naval Station Everett (NSE), which is the homeport of Carrier Strike Group 11, claimed “as the single most powerful mobile force in the world,” and at the moment, home to approximately 6,000 Navy personnel.
INCOME TAX-FREE STATE
Washington State is an Income Tax-Free State.
Listing Agents:
CLAYTON J. BROWN
RUTHANNE LOAR
206.493.2622
ruthanne.loar@marcusmillichap.com
