Listed by Colliers - Bellevue, Washington
$5,800,000
Auburn Walgreens
Details
APN 257840-0070
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,560
Cap Rate 8.50%
Occupancy 100%
Lease Type NNN
Year Built 2003
Acreage 1.820
Zoning C-3 (Heavy Commercial Zone)
NNN Walgreens Invetment
Marketing description
NEW PRICE IS 8.5% CAP RATE. 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 N N Lease Base Rent is $492.999.96 per year. The lease includes potential for percentage rent.
Masonry construction with brick exterior. The property is zoned C-3 Retail which is compliant with the use.
Listing Contacts
Listed by Colliers - Bellevue, Washington
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