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31639723
31639724

10318 EVERGREEN WAY, EVERETT, WA 98204

DG
WA 112893
Kidder Mathews Seattle
PK
WA 130245
Kidder Mathews Seattle
Listed by Kidder Mathews Seattle
$1,900,000
52 days on market
Updated 15 days ago

Woods Coffee

Details
APN 005352-000-011-01
Property Type Retail
Square Footage 671
Units 1
Cap Rate 6.00%
NOI $114,396
Occupancy 100%
Tenancy Multi
Year Built 2022
Stories 1
Lot Size (SqFt) 21,639
Investment Type Net Lease
Ground Lease No

Woods Coffee | NNN Investment | '22 Construction

Marketing description

Kidder Mathews is pleased to present the opportunity to acquire a newly constructed, drive-thru–oriented Woods Coffee located in Everett, Washington.

This high-quality asset is part of a dynamic new retail development that also features a Sonic Drive-In and Quick Quack Car Wash on adjacent parcels, creating a strong complementary tenant mix and consistent consumer draw.

Strategically positioned at a signalized intersection with strong traffic counts, the property benefits from excellent visibility, accessibility, and exposure to daily commuter flow. The offering is further enhanced by long-term, triple-net (NNN) lease structures with both Woods Coffee and Quick Quack Car Wash, providing investors with stable, passive income and minimal landlord responsibilities.

Investment highlights

  • Both tenants are on long-term lease structures, providing stable and predictable cash flow

  • Completed in October 2022, the property features modern construction with attractive design and high-quality materials

  • Strategically positioned along Evergreen Way/Pacific Highway, the property benefits from exceptional visibility and exposure

  • The asset is anchored by a drive-thru format, catering to convenience-driven consumer demand

  • Quick Quack leases seven (7) dedicated parking spaces for vacuum stalls, generating additional income

Listing Contacts

DG
WA 112893
Kidder Mathews Seattle
PK
WA 130245
Kidder Mathews Seattle
Listed by Kidder Mathews Seattle

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$114,396.00
$9,533.00/mo

Valuation Metrics

0
DSCR
6.02%
Cap Rate
6.02%
ROI

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