Drive-Thru Walgreens
2205-2227 Broadway Everett, WA 98201
2205-2227 Broadway, Everett, WA, 98201
Contact for pricing
For Sale
Contact for pricing
Corporate-guaranteed net Walgreens on a signalized corner with four ingress/egress points and drive-thru service.
Property Size13,896 SF
Price / SF$363.41
Days on Market81
Property Features for 2205-2227 Broadway
General Information
- Standard status
- Active
- Size
- 13,896 SF
- Property subtype
- RETAIL
Listing agency
Marcus & Millichap, Inc.
(206) 826-5787
Listed by
Clayton Brown · License #(S):WA:123258,ID:SP56979
Source
Moodyscre
Added: May 4 Updated: Jul 23 at 1:33AM Checked: Jul 23 at 1:33AM
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 Marcus & Millichap, Inc.
Investment Insights
Based on property information with market context.
A corporate-guaranteed absolute net Walgreens for sale in Everett, Washington. The property is a drug store retail location with a drive-thru and sits on a signalized hard corner offering four ingress/egress points for convenient customer access. Reported historical store sales are north of $3,000,000 per year, and the site has seen sales and prescription increases following the recent closing of a Bartell Drugs (Rite Aid) location approximately 0.3 miles to the north.
The property is located in close proximity to major employment and regional draw areas, with an approximately 10-minute drive to Paine Field and less than 5 minutes to The Commons Naval Station Everett, home to Carrier Strike Group 11. The broader market includes growth since 2010, with a reported increase of over 18% in the surrounding area since 2010 and a population base within 5 miles exceeding 121,000 residents.
The property is located in close proximity to major employment and regional draw areas, with an approximately 10-minute drive to Paine Field and less than 5 minutes to The Commons Naval Station Everett, home to Carrier Strike Group 11. The broader market includes growth since 2010, with a reported increase of over 18% in the surrounding area since 2010 and a population base within 5 miles exceeding 121,000 residents.
Key Highlights
- Corporate‑guaranteed absolute net Walgreens in Everett, WA with drive‑thru service
- Signalized hard‑corner location with four ingress/egress points
- Assumable loan at roughly 85% LTV, fixed interest‑only until March 2029 at 5.19%
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $316.8k | $22.80 |
| − Vacancy | −$12.7k | −$0.91 |
| EGI | $304.2k | $21.89 |
| − OpEx | −$76.0k | −$5.47 |
| NOI | $228.1k | $16.42 |
13,896 SF · lease $22.80/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.26M
$2.85M – $3.80M
NOI $228,117 @ 7.0% cap · market cap 4.52%
Second Best
Retail
$2.87M
$2.51M – $3.34M
NOI $200,653 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$4.60M
$4.02M – $5.37M
NOI $321,978 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drug stores
Similar For Sale Nearby
Similar Off Market Nearby
- David R. Rouff, PharmD — 2930 Maple St, Everett, WA 98201
- Pharmacy | Kaiser Permanente Everett Medical Center — 2930 Maple St, Everett, WA 98201
- Jeffrey Loor, RPH — 2930 Maple St, Everett, WA 98201
- Body Botany — 2918 Hoyt Ave, Everett, WA 98201
- Brandon Siu — 2828 Colby Ave Suite 402, Everett, WA 982013501
FAQs
What type of property is this?
Drug store - Corporate-guaranteed net Walgreens on a signalized corner with four ingress/egress points and drive-thru service.
Where is this drug store located?
The property is located at 2205-2227 Broadway Everett, WA.
What is the asking price?
The asking price for this property is $5,050,000.
What are key features of this property?
This property features: Corporate‑guaranteed absolute net Walgreens in Everett, WA with drive‑thru service; Signalized hard‑corner location with four ingress/egress points; Assumable loan at roughly 85% LTV, fixed interest‑only until March 2029 at 5.19%
