Two-Tenant Retail Center with Pad
1502 SE Everett Mall Way, Everett, WA 98208
For Sale
Contact for pricing
The center combines two leased retail tenants with a separate vacant building available for lease-up.
Property Size120,034 SF
Price / SF$139
Days on Market25
Property Features for 1502 SE Everett Mall Way
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Site & Location
Neighborhood
Highway Access
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Newmark
(206) 388-3000
Listed By:
Billy Sleeth · License #88059
(206) 518-9567
Source:
Moodyscre
Added: Oct 15
Changed: Nov 4
Last Checked: Nov 8 at 3:19AM
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 Newmark
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Investment Insights
Based on property information with market context.
This 120,034-square-foot retail property is 96.5% leased to Floor & Decor and Urban Air Adventure Park, with 7.4 years of weighted average lease term. Both tenant leases include scheduled rent increases. A separate 4,144-square-foot pad building is vacant and available for leasing.
The property sits directly off I-5 in Snohomish County’s dominant retail trade area. It is adjacent to Everett Mall, which is proposed for redevelopment as The Hub at Everett. Trader Joe’s relocated its established store into the mall.
The property sits directly off I-5 in Snohomish County’s dominant retail trade area. It is adjacent to Everett Mall, which is proposed for redevelopment as The Hub at Everett. Trader Joe’s relocated its established store into the mall.
Key Highlights
- 120,034‑SF retail property with two tenants
- 96.5% leased to Floor & Decor and Urban Air Adventure Park
- 7.4 years of WALT; both leases include contractual rent increases
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
96.5%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,262
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98208, WA
60,019
Population
22,534
Households
2.7
Avg Household Size
37
Median Age
34%
College-Educated
91%
High-School Grad
15.2 sq mi
ZIP Area
3,949
Density / Sq Mi
$102,546
Median Household Income
$53,626
Median Earnings
$1,859
Median Rent
$641,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - The center combines two leased retail tenants with a separate vacant building available for lease-up.
Where is this shopping center located?
The property is located at 1502 SE Everett Mall Way Everett, WA.
What is the asking price?
The asking price for this property is $16,685,000.
What are key features of this property?
This property features: 120,034‑SF retail property with two tenants; 96.5% leased to Floor & Decor and Urban Air Adventure Park; 7.4 years of WALT; both leases include contractual rent increases
