Remodeled Drive-Thru QSR with
For Sale
Contact for pricing
8500 Evergreen Way, Everett, WA 98208
Fully remodeled drive-thru QSR leased to El Molino Mexican Cocina & Tortilleria with a renewal option in 2032.
Property SizeContact for details
Days on Market88
Property Features for 8500 Evergreen Way
General Information
Standard status
Active
Property subtype
RETAIL
Additional Details
Drive-Thru
Yes
Listing Agency:
First Western Properties - Tacoma, Inc.
(253) 471-5508
Listed By:
Jameson Sullivan
(253) 471-5508
Source:
Moodyscre
Added: May 14
Changed: Aug 8
Last Checked: Aug 8 at 12:49PM
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 First Western Properties - Tacoma, Inc.
Investment Insights
Based on property information with market context.
This fully remodeled drive-thru QSR investment is leased to El Molino Mexican Cocina & Tortilleria. The lease includes 3% annual rent increases and provides a fair market value renewal option in 2032, supported by a personal guarantee.
The property is located on high-traffic Evergreen Way in Everett and benefits from strong visibility within a dense retail corridor surrounded by national tenants and significant daily traffic counts.
For operators and investors seeking a drive-thru format with an existing restaurant tenant and scheduled lease escalations, the combination of the remodel, drive-thru design, and 2032 renewal option are key considerations in evaluating the asset’s operating and lease timeline.
The property is located on high-traffic Evergreen Way in Everett and benefits from strong visibility within a dense retail corridor surrounded by national tenants and significant daily traffic counts.
For operators and investors seeking a drive-thru format with an existing restaurant tenant and scheduled lease escalations, the combination of the remodel, drive-thru design, and 2032 renewal option are key considerations in evaluating the asset’s operating and lease timeline.
Key Highlights
- Fully remodeled drive‑thru QSR investment leased to El Molino Mexican Cocina & Tortilleria
- Personal guarantee associated with the lease
- Lease includes 3% annual rent increases
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Electronics 9%
7-Eleven
Shops & Services
6,639 visits/mo
0.5 miles
Mobil
Shops & Services
2,247 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
1,393 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
1,116 visits/mo
0.5 miles
Grease Monkey
Shops & Services
513 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Fully remodeled drive-thru QSR leased to El Molino Mexican Cocina & Tortilleria with a renewal option in 2032.
Where is this drive through restaurant located?
The property is located at 8500 Evergreen Way Everett, WA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully remodeled drive‑thru QSR investment leased to El Molino Mexican Cocina & Tortilleria; Personal guarantee associated with the lease; Lease includes 3% annual rent increases
