Chick Fil A - Murphy's Corner
BRAND NEW CHICK-FIL-A GROUND LEASE IN EVERETT, WASHINGTON
Marketing description
The Offering presents the opportunity to acquire a brand-new Chick-fil-A ground lease located in the
Murphy’s Corner neighborhood between Mill Creek and Everett, Washington. The Property is currently
under construction with anticipated grand opening of April 2026 on a brand-new 15-year ground lease
expiring April 30, 2041, and is positioned along Bothell Everett Highway (SR-527) and 132nd St SE, two
of the primary commercial corridors serving South Everett and Mill Creek.
Murphy’s Corner continues to emerge as a meaningful suburban retail node driven by surrounding
residential growth, commuter traffic, and limited retail vacancy. Chick-fil-A recently announced a broader
Washington expansion initiative with nine new restaurants planned across the state by early 2027,
reinforcing the brand’s commitment to the market.
Investment highlights
PROPERTY HIGHLIGHTS
- Brand new 2026 construction; the Property is currently under construction
- 15-year ground lease structure offering passive ownership and zero landlord responsibilities
- Located near the intersection of Bothell Everett Highway (SR-527) and 132nd St SE, two primary commuter and retail corridors with ±35,423 VPD
- Directly across from a high-performing Fred Meyer (top 16% nationally) and Lowe’s (top 6% in WA), per Placer.ai
- Surrounding retail fundamentals with an average 5.0% vacancy
- The surrounding submarket has seen 4.9% increase of population over the past 5 years
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