Rite Aid Drug
For Sale
Contact for pricing
26817 88th Avenue, Stanwood, WA 98292
Existing lease includes a corporate guarantee from Rite Aid Corporation.
Property SizeContact for details
Days on Market142
Property Features for 26817 88th Avenue
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Gross Income
$383,791
Listing Agency:
Marcus & Millichap - Seattle
Listed By:
Joel Deis · License #WA 25469
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 8:23AM
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 - Seattle
Investment Insights
Based on property information with market context.
This drug store property is occupied by Rite Aid under a long-term lease that began on February 3, 1998. The tenant exercised an extension four years before the initial expiration, extending the lease term through 2028.
The lease provides six additional five-year renewal options. Contractual rent increases of 4.2 percent apply during each option period, and the obligation is backed by a corporate guarantee from Rite Aid Corporation. The property is located at 26817 88th Avenue in Stanwood, Washington.
The lease provides six additional five-year renewal options. Contractual rent increases of 4.2 percent apply during each option period, and the obligation is backed by a corporate guarantee from Rite Aid Corporation. The property is located at 26817 88th Avenue in Stanwood, Washington.
Key Highlights
- Corporate guarantee from Rite Aid Corporation
- Lease term extends through 2028
- Six five‑year tenant renewal options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
106k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Dining 25%
Shops & Services 23%
Beauty & Spa 2%
QFC
Groceries
37,236 visits/mo
0.3 miles
Grocery Outlet Bargain Market
Groceries
13,907 visits/mo
0.1 miles
Starbucks
Dining
10,151 visits/mo
0.3 miles
Petco
Shops & Services
9,891 visits/mo
0.1 miles
Jack in the Box
Dining
7,887 visits/mo
0.2 miles
Demographics for 98292, WA
24,098
Population
10,110
Households
2.4
Avg Household Size
44
Median Age
25%
College-Educated
95%
High-School Grad
76.8 sq mi
ZIP Area
314
Density / Sq Mi
$101,161
Median Household Income
$58,585
Median Earnings
$1,691
Median Rent
$610,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Drug store - Existing lease includes a corporate guarantee from Rite Aid Corporation.
Where is this drug store located?
The property is located at 26817 88th Avenue Stanwood, WA.
What are key features of this property?
This property features: Corporate guarantee from Rite Aid Corporation; Lease term extends through 2028; Six five‑year tenant renewal options
