For Sale
$988,000

11608 Airport RdEverett, WA 98204

High-Yield Retail Investment in Everett, WA

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Property Details for 11608 Airport Rd

Property type
Retail properties
Square Feet
1,828 SF
Year Built
1978
Stories
1
Lot Size (sq. ft)
9,583 SF

Location Insight

City
Everett
County
Snohomish
State
Washington
Latitude
47.8926381
Longitude
-122.2612618
11608 Airport Rd, Everett, Washington

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11608 Airport Rd
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