Pleased to present the opportunity to acquire a Single Tenant - NNN, Petco located in Lake Stevens, Washington, with a newly executed 10-Year Lease Extension. The 11,550 SQFT property is leased directly to Petco Animal Supplies Stores, Inc., the Corporate Operating entity with over 1,500 Locations Nationwide. The lease includes… Read More Scheduled Rent Increases every 5-Years, offering predictable income growth with minimal landlord expense exposure. Strategically positioned within a high-barrier-to-entry retail corridor, the property offers excellent visibility and access along State Route 204, the primary east-west arterial connecting Lake Stevens to Everett and the I-5 corridor, with close proximity to State Route 9, the area’s dominant north-south highway. The site is surrounded by strong national retailers including Safeway, Target, and Ace Hardware, reinforcing its position within a proven retail trade area. Strong demographics, historically low retail vacancy, and the continued growth of the Snohomish County economy, supported by major employers such as Boeing and the U.S. Navy, further underpin the long-term performance of the investment. Read Less
Listing courtesy of Kidder Mathews
Listing Snapshot
Cumulative Days On Market
172
Days on Website
172
Last Updated
Property Type
Retail
Lot Size
1.01 Acres
Year Built
2015
MLS Number
2482807
30 Days Snapshot Of 98258
$761k
+5%
(avg) sold price
62
-15%
homes sold
49
-25%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 0, Building Area Units: Square Feet, Calculated Square Footage: 0, Elevation Units: Feet, Living Area: 0, Number Of Units Total: 0, Structure Type: Retail, Year Built: 2015, Year Built Effective: 2015
Cooling
Cooling: See Remarks
Fireplaces
Fireplaces Total: 0
Heating
Heating: See Remarks
Home Owner's Association
Association Fee: $0
Income
Net Operating Income: 284708
Lot
1 acres, 43996 square feet
Parking
Parking Total: 0
Property
Zoning Description: Retail
Sewer
Sewer: Available
Utilities
Power Production Type: See Remarks, Water Source: See Remarks
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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