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26444671
26444669

3532 Broadway, Everett, WA 98201

SH
CA CA 02028350
Cushman & Wakefield San Francisco
Listed by Cushman & Wakefield San Francisco
$2,014,000
318 days on market
Updated 78 days ago

United Pacific 76 Gas Station- Seattle MSA

Details
Property Type Retail
Sub Type Gas Station
Square Footage 2,399
Cap Rate 5.75%
NOI $115,809
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+5)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2035
Remaining Term 9
Rent Bumps Yes
Lease Options 3 x 5
Acreage 0.550
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2020

Absolute NNN | 5.75% CAP | BONUS DEPRECIATION

Marketing description

Cushman & Wakefield is pleased to present the opportunity to acquire a freestanding Gas Station, 2,399± square foot on a .55± acre lot leased to United Pacific in Everett, WA through September 2035. Bonus Depreciation: Property qualifies for 100% bonus depreciation on gas station improvements (contact for more info). The “Big Beautiful Bill” includes the reset of bonus depreciation to 100% for 2025 and beyond.

United Pacific is one of the largest independent owners, suppliers, and operators of gas stations and convenience stores in the Western United States. Headquartered in Long Beach, California, the company operates more than 450 locations and supplies over 300 dealer sites across California, Nevada, Oregon, Washington, and Colorado. Founded in 1955 as United Oil, the company has expanded through acquisitions and organic growth, rebranding to United Pacific after being acquired by Fortress Investment Group in 2014. Today, it operates under a mix of fuel brands, including 76, Conoco, Phillips 66, and Shell, alongside its own proprietary United Oil brand, while also running a strong network of convenience stores under the “We Got It!” brand. United Pacific’s business model emphasizes high-traffic locations, strong brand partnerships, and a consistent focus on customer convenience.

The company has built a reputation for maintaining well-kept facilities, competitive fuel pricing, and diverse product offerings in its convenience stores. Its growth strategy includes both acquiring established stations and building new, strategically placed sites in key markets. By combining fuel retail with convenience retailing, United Pacific continues to strengthen its position as a leading player in the competitive West Coast fuel and convenience store market.

Investment highlights

  • Long-term Absolute NNN lease with 7.5% rental increases every five years throughout the lease, providing solid rent growth and a hedge against inflation

  • United Pacific is one of the largest independent owners, operators and suppliers of gas stations in the Western US. They operate +/-800 locations under the prominent brands such as 76, Conoco, Phillips 66, Shell, Chevron and United Oil

  • Corporately owned and operated location

  • Main Retail Thoroughfare- Accessibility to I-5 which has 192,000 VPD.

  • Average household Mean income of $82,932 and population of 134,390 within 5 miles

  • Tenants in the surrounding area include Starbucks, Subway, IHOP, McDonald’s, Dutch Bros, Verizon, Lowe’s and other national tenants

Listing Contacts

SH
CA CA 02028350
Cushman & Wakefield San Francisco
Listed by Cushman & Wakefield San Francisco

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$115,809.00
$9,650.75/mo

Valuation Metrics

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DSCR
5.75%
Cap Rate
5.75%
ROI

Map

Zoning

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MU15 MixedMixed UseMixed Use High Rise
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Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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