Drive-Through
New
For Sale
$2,727,000
10312 Evergreen Way, Everett, WA 98204
A 2022-built QSR is subject to an absolute-net sale-leaseback with scheduled rent increases.
Property Size1,200 SF
Days on Market3
Property Features for 10312 Evergreen Way
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Traffic Count
37,000 vehicles/day
Road Access
Yes
Building Details
Building Size
1,200 SF
Year Built
2022
Buildings
1
Listing Agency:
CP Partners
Listed By:
John Andreini · License #CalDRE #01440360
(415) 274-2715
Source:
Cppcre
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CP Partners
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Investment Insights
Based on property information with market context.
This 2022-built quick-service restaurant includes a drive-through and is offered through a sale-leaseback. The absolute-net lease has a 20-year term, with rent increases of 10% every 5 years. The lease is signed by a Sonic franchisee.
The property occupies the signalized intersection of Evergreen Way and Olivia Park Road in Everett, Washington. The intersection carries 37,000 vehicles per day.
The property occupies the signalized intersection of Evergreen Way and Olivia Park Road in Everett, Washington. The intersection carries 37,000 vehicles per day.
Key Highlights
- 2022‑built quick‑service restaurant with drive‑through
- 20‑year absolute‑net sale‑leaseback lease
- Rent increases of 10% every 5 years
Property Analytics
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Current Use
Lease Details
37,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
809
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Public Storage
Shops & Services
1,920 visits/mo
0.4 miles
Les Schwab Tire Center
Shops & Services
1,724 visits/mo
0.5 miles
Demographics for 98204, WA
44,810
Population
18,914
Households
2.4
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
7.2 sq mi
ZIP Area
6,224
Density / Sq Mi
$66,592
Median Household Income
$44,349
Median Earnings
$1,732
Median Rent
$386,300
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - A 2022-built QSR is subject to an absolute-net sale-leaseback with scheduled rent increases.
Where is this drive through restaurant located?
The property is located at 10312 Evergreen Way Everett, WA.
What is the asking price?
The asking price for this property is $2,727,000.
What are key features of this property?
This property features: 2022‑built quick‑service restaurant with drive‑through; 20‑year absolute‑net sale‑leaseback lease; Rent increases of 10% every 5 years
