Log In/Sign Up
Your email has been sent.
Woods Cafe 10318 Evergreen Way 671 SF 100% Leased Retail Building Everett, WA 98204 $2,619,473 CAD ($3,903.83 CAD/SF) 6.02% Cap Rate
Investment Highlights
- Both tenants are on long-term lease structures, providing stable and predictable cash flow
- Strategically positioned along Evergreen Way/Pacific Highway, the property benefits from exceptional visibility and exposure
- Quick Quack leases seven (7) dedicated parking spaces for vacuum stalls, generating additional income
- Completed in October 2022, the property features modern construction with attractive design and high-quality materials
- The asset is anchored by a drive-thru format, catering to convenience-driven consumer demand
Executive Summary
Kidder Mathews is pleased to present the opportunity to acquire a newly constructed, drive-thru–oriented Woods Coffee located in Everett, Washington.
This high-quality asset is part of a dynamic new retail development that also features a Sonic Drive-In and Quick Quack Car Wash on adjacent parcels, creating a strong complementary tenant mix and consistent consumer draw.
Strategically positioned at a signalized intersection with strong traffic counts, the property benefits from excellent visibility, accessibility, and exposure to daily commuter flow. The offering is further enhanced by long-term, triple-net (NNN) lease structures with both Woods Coffee and Quick Quack Car Wash, providing investors with stable, passive income and minimal landlord responsibilities.
This high-quality asset is part of a dynamic new retail development that also features a Sonic Drive-In and Quick Quack Car Wash on adjacent parcels, creating a strong complementary tenant mix and consistent consumer draw.
Strategically positioned at a signalized intersection with strong traffic counts, the property benefits from excellent visibility, accessibility, and exposure to daily commuter flow. The offering is further enhanced by long-term, triple-net (NNN) lease structures with both Woods Coffee and Quick Quack Car Wash, providing investors with stable, passive income and minimal landlord responsibilities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
671 SF
Building Class
C
Year Built
2022
Price
$2,619,473 CAD
Price Per SF
$3,903.83 CAD
Cap Rate
6.02%
NOI
$157,714 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
0.49 AC
Zoning
B
Frontage
217’ on Evergreen Way
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 005352-000-010-01 | Improvements Assessment | $822,101 CAD |
| Land Assessment | $1,349,718 CAD | Total Assessment | $2,171,819 CAD |
Property Taxes
Parcel Number
005352-000-010-01
Land Assessment
$1,349,718 CAD
Improvements Assessment
$822,101 CAD
Total Assessment
$2,171,819 CAD
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Woods Cafe | 10318 Evergreen Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.