Woods Coffee New Construction

10318 Evergreen Way
Everett, WA 98204

Listing information

New Price
Price $1,809,000
CAP Rate 5.75%
Year Built 2022
Price Per SF $2,696
Location Everett, WA

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Kidder Mathews is pleased to offer a new construction drive-thru Woods Coffee located in Everett, Washington. The Woods Coffee is part of a new development that includes a Sonic Drive-In and Glint Car Wash on the adjacent tax parcels. The property is located at a signalized intersection with high traffic counts. The offering includes long-term NNN leases with Woods Coffee and Glint Car Wash.

  • Long Term NNN Leases

    Long Term NNN Leases - Woods Coffee signed a 10-year initial lease term with four 5-year options; Glint Car Wash signed a 20-year lease with six 5-year options.

  • New Construction - Attractive, low-maintenance building completed in October 2022.

    High Traffic Volume - The property fronts Evergreen Way/Pacific Highway with traffic counts exceeding 36,000 vehicles per day.

    Drive-Thru Retail with Established Tenant - Woods Coffee is locally owned and has 18 locations in Washington State.

    Income Tax Free State - Washington is only one of seven states that has no income tax.

    Additional Income - Glint Car Wash is leasing 7 parking spaces to use for vacuum stalls which will provide additional long-term income.