11608 Airport Rd Everett, WA 98204

Exceptional investment opportunity: a thriving Airport Massage parlor in Everett, WA. This 1,828 square foot, single-tenant retail property is situated on a 0.22-acre lot (9,583 square feet) at 11608 Airport Rd, 98204, offering convenient access to Highway 99, Boeing, and the Snohomish County National Airport. The building, constructed in 1978, boasts ample parking with over 12 spots. Currently operating under a long-term triple net (NNN) lease with Airport Massage, the property generates a substantial annual net operating income (NOI) of $59,081, resulting in a compelling 5.98% capitalization rate. The lease features a monthly rent of $4,923.42, subject to a 6% annual increase, ensuring consistent income growth. The asking price is $988,000, translating to $540.48 per square foot. This is a prime commercial site presenting a strong return on investment with a stable tenant and a desirable location. The property's APN is 00537900005901. Don't miss this chance to acquire a well-established, income-producing asset in a thriving market.