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9004 Vernon Rd Lake Stevens, WA 98258

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For Sale
$4,750,000

Retail space

Lot size:
1.01 Acres

Property Features for 9004 Vernon Rd

General Information

Standard status
Active
Lot size
1.01 Acres

Building Details

Year built
2015

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Listing Contact
Kevin G. Verger
Source: Corcoran

Listing Agency: KIDDER MATHEWS Listing Agent: Kevin G. Verger

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Pleased to present the opportunity to acquire a Single Tenant - NNN, Petco located in Lake Stevens, Washington, with a newly executed 10-Year Lease Extension. The 11,550 SQFT property is leased directly to Petco Animal Supplies Stores, Inc., the Corporate Operating entity with over 1,500 Locations Nationwide. The lease includes Scheduled Rent Increases every 5-Years, offering predictable income growth with minimal landlord expense exposure. Strategically positioned within a high-barrier-to-entry retail corridor, the property offers excellent visibility and access along State Route 204, the primary east-west arterial connecting Lake Stevens to Everett and the I-5 corridor, with close proximity to State Route 9, the area’s dominant north-south highway. The site is surrounded by strong national retailers including Safeway, Target, and Ace Hardware, reinforcing its position within a proven retail trade area. Strong demographics, historically low retail vacancy, and the continued growth of the Snohomish County economy, supported by major employers such as Boeing and the U.S. Navy, further underpin the long-term performance of the investment.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

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

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

Location Insight

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  • Local Demand
City
Lake Stevens
County
Snohomish
State
Washington
Longitude
-122.1093111
Latitude
48.0024577

FAQs

Where is this retail space located?
The property is located at 9004 Vernon Rd Lake Stevens, WA.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: - Single tenant NNN lease to Petco Animal Supplies Stores, Inc. with 1,500+ locations.; - Newly executed 10-year lease extension.; - Scheduled rent increases every 5 years.
More about this property
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