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Listed by:Kidder Mathews • Kevin G. Verger
$ 4,750,000
Est. payment /mo
Active
9004 Vernon RD Lake Stevens, WA 98258
1.01 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Lake Stevens
MLS Listing ID 2482807
Style 75 - Retail
Year Built 2015
Lot Size 1.010 Acres
Property Sub-Type Commercial Industrial
Property Description
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 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.
Location
State WA
County Snohomish
Area 760 - Northeast Snohomish?
Interior
Fireplace false
Building
Sewer Available
Water See Remarks
Others
Senior Community No
Acceptable Financing See Remarks
Listing Terms See Remarks
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