- For Sale $1,200,000
- Property Type Retail
- Property Size 5,244 SF
- Lot Size 0.81 Acre
- Cap Rate % 6.18
- NOI / YR $74,160.00
- # of Floors 2
- Property Tenancy Single Tenant
- Building Class C
- Year Built 1976
- Date Updated Jun 12, 2026
Description
Excellent opportunity to acquire a fully remodeled drive-thru QSR investment located on high-traffic Evergreen Way in Everett. The property is leased to El Molino Mexican Cocina & Tortilleria, a local operator with strong community roots and a personal guarantee. Current rental rate is estimated to be below market, providing investors with meaningful upside through the lease’s fair market value renewal option in 2032.
Features include 3% annual rent increases, strong visibility, and positioning within a dense retail corridor surrounded by national tenants and significant daily traffic counts.
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Contacts
Jameson Sullivan
First Western Properties
Location
Located at 8500 Evergreen Way, Everett, WA 98208, this property is part of the Westmont neighborhood and Seattle market.
Contact Listing Broker
Jameson Sullivan
First Western Properties
