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.