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Dairy Queen 325 Marysville Mall Way

3,300 SF Retail Building Marysville, WA 98270 $2,530,000 ($767/SF) 5.30% Cap Rate

Investment Highlights

  • Absolute NNN lease with zero Landlord responsibilities including roof & structure
  • Strong annual sales with a low rent-to-sales ratio
  • art of the 226,000 SF Albertsons-anchored Marysville Town Center, which boasts strong sales and nearly 1 million annual visitors
  • 15 years remaining with a recent 10-year extension extending the lease expiration to 2040
  • Near-term 10% rent increase scheduled for May 2026 with additional 10%-14% rent increases scheduled for every 4-5 years thereafter
  • Located at the prominent intersection of Fourth Street and State Ave. with direct access to Interstate 5, exposed to over 150,000 vehicles per day

Executive Summary

The Offering provides the opportunity to acquire an Absolute NNN Dairy Queen pad of the Albertsons-anchored Marysville Town Center, a daily-needs retail center. Dairy Queen has operated at the center since construction in 1988 and recently extended their lease through 2040, providing over 15 years of remaining term. Scheduled rental increases range between 10%-14% through the term and two, ?ve-year options, which will increase yield by an estimated 330 basis points. The Property bene?ts from its location at the hard corner of Fourth and State Streets with direct access to I-5 ramps, and daily draw provided by a reportedly high-performing Albertsons, in addition to Big Lots, Staples, and new leases with Burlington and Daiso. Please follow this link for more information: https://hubs.la/Q02Qc2-Y0

Property Facts In Escrow

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,300 SF
Building Class
C
Year Built
1988
Price
$2,530,000
Price Per SF
$767
Cap Rate
5.30%
NOI
$134,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.67 AC
Zoning
DC
Parking
36 Spaces (10.91 Spaces per 1,000 SF Leased)
Frontage
308 FT on 4th St

Amenities

  • Signage
  • Drive Thru
Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

MOD Pizza
Bank of America
Starbucks
Albertsons
U.S. Bank
Heritage Bank
TacoTime
Dutch Bros
Rent-A-Center
KeyBank

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 005287-003-004-00
  • 005107-001-001-00
  • 005287-003-001-02
Land Assessment
$5,716,300
Improvements Assessment
$19,029,300
Total Assessment
$24,745,600
  • Listing ID: 33210628

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 325 Marysville Mall Way, Marysville, WA 98270

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