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1416 Harvey Rd
Auburn, WA 98002
Walgreens · Retail Property For Sale
EXECUTIVE SUMMARY
Colliers is pleased to present the exclusive offering of 1416 Harvey Road. Built in 2006, the 14,560 SF on a 79,404 SF lot building operates as
a Walgreens Drugstore in Auburn, WA. There is 56 years left of a 75 year lease, Walgreens has indicated they intend to stay long term. A NNN
Lease Base Rent is $492.999.96 per year. The lease includes potential for percentage rent if sales exceed NNN Lease has a percentage rent
override of 2.0% of gross sales and 0.5% of food and prescriptions.
a Walgreens Drugstore in Auburn, WA. There is 56 years left of a 75 year lease, Walgreens has indicated they intend to stay long term. A NNN
Lease Base Rent is $492.999.96 per year. The lease includes potential for percentage rent if sales exceed NNN Lease has a percentage rent
override of 2.0% of gross sales and 0.5% of food and prescriptions.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,812 SF
Building Class
B
Year Built
2003
Price
$10,890,150 CAD
Price Per SF
$850.00 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.82 AC
Zoning
C3, Auburn
Parking
78 Spaces (5.36 Spaces per 1,000 SF Leased)
AMENITIES
- Car Charging Station
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $7,295,987 CAD | |
| Land Assessment | $2,248,196 CAD | Total Assessment | $9,544,182 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,248,196 CAD
Improvements Assessment
$7,295,987 CAD
Total Assessment
$9,544,182 CAD
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