6308 Evergreen Way, Everett, WA 98203
- $4,050,000
Listing courtesy of Venture Real Estate Group LLC. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $4,050,000
- List Price
- $4,350,000
- Status
- SOLD
- MLS#
- 1868450
- Closing Date
- Jul 29, 2022
- Days on Market
- 177
- Annual Tax Ammount
- 22330
Property Description
O’Reilly Auto Parts at 6308 Evergreen Way is a 100% leased retail investment in Everett. The property is 100% leased by O’Reilly Auto Parts for approximately 6 years through April 2028, with renewal option. The property is located along busy Evergreen Way in Everett offering street exposure to over 17,800 cars daily. The property is 2.29 miles from the major freeway intersection of Interstate 5 and State Route 526 (Boeing Freeway) Nearby is Paine Field, Everett Mall, and many established businesses. Single-story building with ample free parking. Great Investment Opportunity. Zoned. Market CAP 7.51. Over 17,000 sq ft building and 1.21 acre lot.
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Additional Information
- Community
- Everett Mall
- Building Condition
- Very Good
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1964
- # of Assigned Spaces
- 55
- Roof
- See Remarks
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Heat Pump, Wall to Wall Carpet
- Flooring
- Vinyl, Carpet
- Driving Directions
- Continue on I-5 N to Everett. Take exit 189 to merge onto WA-526 W toward Mukilteo. Take the Evergreen Way exit. Follow Evergreen Way. Property on the Left.
- Energy Source
- Natural Gas
- Net Operating Income
- $190,688
- Gross Adjusted Income
- $200,688
- Gross Scheduled Income
- $200,688
- Cap Rate
- 4.39
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