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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.

Attachments

Chase Bank OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,700 SF
Building Class
B
Year Built
2024
Price
$3,733,709 CAD
Price Per SF
$1,382.86 CAD
Cap Rate
4.75%
NOI
$177,351 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

Planet Fitness
9Round
Sprouts Farmers Market
Heritage Bank
Chase
Anytime Fitness
Orangetheory Fitness
WaFd Bank
Starbucks

Property Taxes

Property Taxes

Parcel Number
280530-004-083-00
Land Assessment
$1,684,004 CAD
Improvements Assessment
$1,338,948 CAD
Total Assessment
$3,022,952 CAD
  • Listing ID: 38985357

  • Date on Market: 2026-01-06

  • Last Updated:

  • Address: NWC 132nd Street SE & 16th Avenue SE, Everett, WA 98208

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