NNN Auto Service
10501 State Avenue, Marysville, WA 98270
For Sale
$577,259
Net-leased facility occupied by an established Meineke franchise operator.
Property Size2,100 SF
Days on Market53
Property Features for 10501 State Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Lease Term
Net Operating Income
Site & Location
Highway Access
Road Access
Building Details
Building Size
Year Built
Listed By:
Jack Winn · License #02244056 (CA)
(949) 669-8664
Source:
Matthews
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 6 at 5:06AM
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 Jack Winn
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Investment Insights
Based on property information with market context.
Built in 1979, this net-leased auto service property is occupied by a Meineke franchise operator with 10+ locations. The lease includes rental escalations every 24 months and has approximately ±5 years remaining, with no further renewal options stated. The NNN structure supports a straightforward investment profile while leaving future tenancy decisions open at lease expiration.
The property is located at 10501 State Avenue in Marysville, Washington, along the historic U.S. Route 99 and parallel to Interstate 5. It sits within Marysville’s retail and service corridor, near a mix of retail, dining, service, and automotive users. The Smokey Point district is also identified as a nearby source of auto service, dealership, and logistics activity.
The property is located at 10501 State Avenue in Marysville, Washington, along the historic U.S. Route 99 and parallel to Interstate 5. It sits within Marysville’s retail and service corridor, near a mix of retail, dining, service, and automotive users. The Smokey Point district is also identified as a nearby source of auto service, dealership, and logistics activity.
Key Highlights
- NNN lease occupied by a Meineke franchise operator with 10+ locations
- Approximately ±5 years remaining on the lease
- No further renewal options stated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,593
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,860
$591.9K
Cap Rate 7%
$422,757
$422.8K
Cap Rate 9%
$328,811
$328.8K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$45.4K $21.60/SF
− Vacancy
−$3.1K −$1.47/SF
EGI
$42.3K $20.13/SF
− OpEx
−$12.7K −$6.04/SF
NOI
$29.6K $14.09/SF
Area
Snohomish County, WA
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,860
Cap Rate 7%
$422,757
Cap Rate 9%
$328,811
Alternative Uses
Best Use
Retail
$422.8K
$369.9K – $493.2K
NOI $29,593 @ 7.0% cap · market cap 5.13%
Second Best
Industrial
$291.4K
$255.0K – $339.9K
NOI $20,396 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$585.7K
$512.5K – $683.3K
NOI $40,996 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
154k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Shops & Services 37%
Home Improvements & Furnishings 9%
Dining 4%
Fred Meyer
Groceries
69,081 visits/mo
0.5 miles
Dollar Tree
Shops & Services
20,285 visits/mo
0.5 miles
Fred Meyer Gas Station
Shops & Services
18,267 visits/mo
0.5 miles
Harbor Freight Tools
Home Improvements & Furnishings
13,332 visits/mo
0.5 miles
7-Eleven
Shops & Services
11,889 visits/mo
0.4 miles
Demographics for 98270, WA
51,969
Population
19,840
Households
2.6
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
3,634
Density / Sq Mi
$102,258
Median Household Income
$50,619
Median Earnings
$1,845
Median Rent
$540,000
Median Home Value
Market
Properties on Market for NNN properties in Snohomish County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - Net-leased facility occupied by an established Meineke franchise operator.
Where is this nnn property located?
The property is located at 10501 State Avenue Marysville, WA.
What is the asking price?
The asking price for this property is $577,259.
What are key features of this property?
This property features: NNN lease occupied by a Meineke franchise operator with 10+ locations; Approximately ±5 years remaining on the lease; No further renewal options stated
