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    9423 Evergreen Way Everett, WA 98204

    For Sale
    $2,200,000

    Single-tenant NAPA Auto Parts property in Everett, WA for sale.

    Property size:
    10,500 SF

    Property Features for 9423 Evergreen Way

    General Information

    Size
    10,500 SF

    Building Details

    Year built
    1982

    Source: Kyle Sterling Agent Kyle Sterling

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Everett NAPA Auto Parts Investment

    A single-tenant NAPA Auto Parts property is available for sale in Everett, WA. The corporate-backed NNN lease has approximately 2.5 years remaining on the base term, with four additional 5-year tenant options. The property is located in the Evergreen Way corridor, less than 1-mile from Everett Mall. The current lease rate is approximately 40-50% below market. The lease structure provides for minimal landlord responsibilities. The property is situated on one of Everett’s active commercial thoroughfares, benefiting from exposure to local and commuter traffic. The property has a new PVC roof installed this year, which comes with a 15-year warranty. The property size is 10500 square feet. Genuine Parts Company, ranked #175 on the Fortune 500 list in 2024, backs the lease. Genuine Parts Co. has over 6,000 locations across the United States and hundreds more across North America and is one of the largest automotive distributors in the world. The current lease rate is $11.52/sf NNN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NAPA Auto Parts Auto Parts Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Nissan Repair Parts, Dwayne Lane's Chrysler Dodge Jeep Ram Service Department, Nissan of Everett Service, Precision Tune Auto Care, Magic Nissan Of Everett

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2364359
    Latitude
    47.9121882

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    FAQs

    What type of property is this?
    Auto shop - Single-tenant NAPA Auto Parts property in Everett, WA for sale.
    Where is this auto shop located?
    The property is located at 9423 Evergreen Way Everett, WA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Significant Rental Upside: Current lease rate is 40-50% below market.; - Strong Corporate Tenant: Leased to Genuine Parts Company (NAPA Auto Parts), a Fortune 500 company.; - Priced Below Assessed Value: Offering price is below the current assessed value of $2,306,000.
    (425) 586-5608
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    9423 Evergreen Way Everett, WA 98204
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    Everett, WA 98204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9423 Evergreen Way Everett, WA 98204
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