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Chase NWC 132nd Street SE & 16th Avenue SE 2,700 SF Retail Building Everett, WA 98208 $2,736,842 ($1,013.65/SF) 4.75% Cap Rate
EXECUTIVE SUMMARY
This property, located at the northwest corner of 132nd Street SE and 16th Avenue SE in Everett, Washington, is a ~3,000 square-foot building on approximately 0.43 acres of land. Built in 2023, it is leased to JPMorgan Chase Bank, N.A. under a 15-year absolute NNN ground lease with 10% rent increases every five years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,700 SF
Building Class
B
Year Built
2024
Price
$2,736,842
Price Per SF
$1,013.65
Cap Rate
4.75%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.43 AC
Zoning
CB - CB – Commercial, Business
AMENITIES
- Signage
- Drive Thru
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 280530-004-083-00 | Improvements Assessment | $761,600 |
| Land Assessment | $1,224,000 | Total Assessment | $1,985,600 |
PROPERTY TAXES
Parcel Number
280530-004-083-00
Land Assessment
$1,224,000
Improvements Assessment
$761,600
Total Assessment
$1,985,600
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Chase | NWC 132nd Street SE & 16th Avenue SE
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