Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a corporate guaranteed Absolute NNN Walgreens located in rapidly growing Everett, WA. The Absolute NNN lease is guaranteed by Walgreens (Walgreens Boots Alliance Inc., NYSE: WBA), with nearly 9,000 stores. This location boasts strong reported store sales north of $3,000,000/year and has recently experienced a further increase in sales and prescriptions after the recent closing of the Bartell Drugs (Rite Aid) location roughly 0.3 miles to the north. The Property is strategically located at a signalized hard corner with four ingress/egress points and a drive-thru providing excellent visibility and access. The location is roughly a 10 minute drive from Paine Field, an international airport with total economic impact/business revenue of nearly $60 billion annually and 158,227 jobs (direct and indirect, per Snohomish County). The Property is located less than 5 minutes away from The Commons Naval Station Everett (NSE), which is the home port of Carrier Strike Group 11, claimed “as the single most powerful mobile force in the world,” and at the moment, home to approximately 6,000 Navy personnel. Within a 5-mile radius of the Subject Property, there are over 117,000 residents with average household incomes in excess of $96,000/year. Since 2010, the surrounding area has grown by nearly 13%.