Overview

Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the 44,423 SF Big Lots Located at 6727 Evergreen Way in Everett, Washington. This Opportunity Includes a Long-Term, Stabilized National Retail Tenant With Over 10 Years Remaining Located in the Seattle Metropolitan Area, Providing For a Secure Investment.

In Cooperation With Marianne Christian – WA Lic. #12244
KW Commercial Eastside WA Lic. #18839

Highlights

• Long-Term, Stabilized National Retail Store Tenant With Over 10 Years Remaining on Initial Lease Term
• Fixed Rent Increases of 12.5% Throughout the Initial Term and 5% Rent Increases Throughout the Options Provide a New Investor With a Hedge Against Future Inflation Offering a Very Valid Return Over the Anticipated Hold Period
• Well Known Retailer - Big Lots Has Earned a Very Reputable Name Throughout the Country, Specifically in the Pacific Northwest and is a Publicly Traded Company (NYSE: BIG)
• Coupon Clipper Investment - STNL Asset, Providing a New Investor With Minimum Property Oversight and Management
• Ideal 1031 Exchange Upleg, Delivered Debt-Free With Sellers Able to Accommodate a Quick Close to Meet the Tight Time-Frames of Trade Buyers
• Outparcel Pad Approved For Ground Up Development at the Corner Location of Evergreen Way & Madison Street Presenting Tremendous Upside Potential For Additional Income Stream
• The Property is Positioned For Tremendous Potential Future Upside With the Current Rent at $0.66 PSF/MO, Nearly Half of What Current Market Rent is For Most National and Regional Tenants Within the Everett Market
• Strategic Location Just a Short Distance From Interstate I5 and Immediately Off the Intersection of Evergreen Way and Madison Street, a Major Retail Arterial Home to Several National Credit Tenants
• Pride of Ownership, “Trophy” STNL Asset Located Within the Heart of Everett, One of the Most Desirable Communities of the Seattle Metro Area
• Everett is Located 25 Minutes From Downtown Seattle, Which Has Become One of the Largest Tech Company Headquarters Cities Outside of the San Francisco Area
• Airplane Manufacturer Boeing Has a Significant Presence in Everett, Including a Large Manufacturing Plant That is the World's Largest Building By Volume

Documents

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