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Walgreens Shopping Center

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Walgreens Shopping Center

1416 Harvey Rd, Auburn, WA 98002
Retail For Sale Available Built 2006 1 floors Zoning: C-3
Asking Price
$7,900,000
Total Building14,560 SF
Available14,560 SF avail
Land79,279 SF land
Parking Total40
& Uncov.
ConstructionMasonry
MarketAuburn
CountyKing

Read Overview
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Overview

Property ID
111626
Listing ID
707477
Type
Retail
Asset Class
Retail
Zoning
C-3

Description

We are pleased to present the exclusive offering of 1416 Harvey Road. Built in 2006, the 14,560 SF on a 79,404 SF lot building operates as a Walgreens Drugstore in Auburn, WA. There is 56 years left of a 75 year lease, Walgreens has indicated they intend to stay long term. A NNN Lease Base Rent is $492.999.96 per year. The lease includes potential for percentage rent if sales exceed NNN Lease has a percentage rent override of 2.0% of gross sales and 0.5% of food and prescriptions.Masonry construction with brick exterior. The property is zoned C-3 Retail which is compliant with the use.

Listing Courtesy of:

RO
Ryan Olson
Colliers International WA, LLC
11225 SE 6th St, Suite 240,
Bellevue, WA 98004-5873
State: WA City: Auburn ZIP: 98002 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.