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NWC 132nd Street SE & 16th Avenue SE 2,700 SF Retail Building Everett, WA 98208 $3,850,737 CAD ($1,426.20 CAD/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
$3,850,737 CAD
Price Per SF
$1,426.20 CAD
Cap Rate
4.75%
NOI
$182,910 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.43 AC
Zoning
CB - CB – Commercial, Business
Frontage
170’ on 132nd Street Southeast
Amenities
- Banking
- Signage
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 280530-004-083-00 | Improvements Assessment | $1,378,548 CAD |
| Land Assessment | $1,733,808 CAD | Total Assessment | $3,112,356 CAD |
Property Taxes
Parcel Number
280530-004-083-00
Land Assessment
$1,733,808 CAD
Improvements Assessment
$1,378,548 CAD
Total Assessment
$3,112,356 CAD
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NWC 132nd Street SE & 16th Avenue SE
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