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    Former Rite Aid For Sale Title is generated by Realmo AI

    608 W Stanley St, Granite Falls, WA

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    Former Rite Aid in Granite Falls, WA available for purchase.

    Type:RETAIL
    Property size:
    17,272 SF
    Lot size:
    1.39 Acres
    Price / SF:
    $202/SF
    Added:
    Aug 21, 2025
    Days on Market:
    282
    Last Refresh:
    May 20 at 9:27 pm

    Property Features for 608 W Stanley St

    General Information

    Standard status
    Active
    Size
    17,272 SF
    Lot size
    1.39 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 608 W Stanley St Contact us

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    Listing Contact
    David Gellner

    Listing agent David Gellner License #111566

    Listing office Kidder Mathews

    Listing date Aug 21, 2025

    Source Moodyscre

    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 Kidder Mathews

    HighLights

    • High‑quality construction built in 2008
    • Located in Granite Falls, WA, an affluent and rapidly growing suburb
    • Includes a drive‑thru
    • Former Rite Aid location
    • Opportunity to purchase or lease
    • Located in Snohomish County

    Overview

    The property is the former Rite Aid in Granite Falls, Washington. Constructed in 2008 as a build-to-suit, the building is of high-quality construction and includes a drive-thru. The property is located in Snohomish County, an affluent and rapidly growing suburb. The building has a size of 17272 square feet. This property is suitable for retail purposes, including drug stores and individual retail.

    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 $379.3k $21.96
    − Vacancy −$20.9k −$1.21
    EGI $358.4k $20.75
    − OpEx −$89.6k −$5.19
    NOI $268.8k $15.56
    17,272 SF · lease $21.96/SF/yr · vacancy 5.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $3.84M
    $3.36M – $4.48M (±1% cap)
    NOI $268,824 @ 7.0% cap · market cap 7.68%
    Second Best
    Retail
    $3.48M
    $3.04M – $4.06M (±1% cap)
    NOI $243,394 @ 7.0% cap · market cap 6.95%
    Theoretical Best
    Office A
    $4.82M
    $4.21M – $5.62M (±1% cap)
    NOI $337,180 @ 7.0% cap · market cap 9.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Pharmacy CDReload - Online Bitcoin ... Crypto Atm Primo Water Refill Big Box & Wholesale Store higi Physician Western Union Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Rite Aid Pharmacy 608 W Stanley St, Granite Falls, WA 98252
    • Julie L. Musladin, RPH 115 N Granite Ave, Granite Falls, WA 98252
    • John G. Gordon, RPh 115 N Granite Ave, Granite Falls, WA 98252
    • Timothy Starsky 608 W Stanley St, Granite Falls, WA 982528476
    • Uyen Ngo 608 W Stanley St, Granite Falls, WA 982528476

    Location Insight

    • Map
    • Local Demand
    City
    Granite Falls
    County
    Snohomish
    State
    Washington
    Longitude
    -121.962
    Latitude
    48.0831

    FAQs

    What type of property is this?
    Drug store - Former Rite Aid in Granite Falls, WA available for purchase.
    Where is this drug store located?
    The property is located at 608 W Stanley St Granite Falls, WA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: High‑quality construction built in 2008; Located in Granite Falls, WA, an affluent and rapidly growing suburb; Includes a drive‑thru
    (206) 296-9600 Call to check price and availability
    More about this property
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