12811 4th Ave W | Everett, WA 98204
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12811 4th Ave W
Everett, WA 98204
Everett Starbucks · Retail Property For Sale
Investment Highlights
- The Tenant relocated to this site in 2016 and completed a full store remodel in 2023 at the Tenant’s cost
- This has operated as a successful Starbucks location since 2016, featuring over 8 years of historical occupancy
- The offering presents a rare opportunity to acquire a single-tenant drive-thru on a highly sought after corner location
- The Tenant executed their option early with a 10% rental increase in May 2026, moving the going-in cap rate approximately 60 basis points
- Placer.ai ranks this location in the top 13% in Washington State and top 30% in the country for total visits for Starbucks locations
- The lease has a corporate guarantee with Starbucks, providing strong investment grade credit from a leading nationally recognized company
Executive Summary
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 looking for a high-quality, secure, and growth-oriented real estate asset.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,050 SF
Building Class
B
Year Built/Renovated
1984/2023
Price
$2,940,000
Price Per SF
$1,434
Cap Rate
5%
NOI
$147,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.51 AC
Zoning
FS
Frontage
69 FT on 4th Ave W
Amenities
- Drive Thru
PROPERTY TAXES
| Parcel Number | 006468-000-001-00 | Improvements Assessment | $865,100 |
| Land Assessment | $730,500 | Total Assessment | $1,595,600 |
PROPERTY TAXES
Parcel Number
006468-000-001-00
Land Assessment
$730,500
Improvements Assessment
$865,100
Total Assessment
$1,595,600
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