Former Rite Aid For
608 W Stanley St Granite Falls, WA
608 W Stanley St, Granite Falls, WA, 00000
Contact for pricing
For Sale
Contact for pricing
Former Rite Aid in Granite Falls, WA available for purchase.
Property Size17,272 SF
Lot Size1.39 Acres
Price / SF$188.17
Days on Market331
Property Features for 608 W Stanley St
General Information
- Standard status
- Active
- Size
- 17,272 SF
- Lot size
- 1.39 Acres
- Property subtype
- RETAIL
Listing Agency
Kidder Mathews
(425) 450-1117
Listed by
Ryan Jones · License #111566
(425) 450-1117
Source
Moodyscre
Added: Aug 21, 2025 Checked: Jul 17 at 5:00 am
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- High‑quality construction built in 2008
- Located in Granite Falls, WA, an affluent and rapidly growing suburb
- Includes a drive‑thru
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
NOI $268,824 @ 7.0% cap · market cap 8.27%
Second Best
Retail
$3.48M
$3.04M – $4.06M
NOI $243,394 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$4.82M
$4.21M – $5.62M
NOI $337,180 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
Similar Off Market 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
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 $3,250,000.
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
