Flying Squirrel Sports (Status: Available) 7612314

1325, Everett Mall, Everett, WA  98208

We have been selected to exclusively market for sale a successful Flying Squirrel Sports location in Everett, WA. Flying Squirrel Sports has 8 years remaining on the initial 10-year Personal Guaranteed NNN lease. The Property recently underwent a $7,500,000 remodel, $1,500,000 from landlord costs and $6,000,000 from the tenant for a completely new buildout featuring state of the art entertainment for kids to adults. The Property is priced well below the cost to build a comparable building in the local sub-market, providing a secure entry basis. The Lease features 10% rent increases every 5 years, with the next rent increase set to occur in July, 2026 bringing the cap rate to 7.70%. The Property is located off of SE Everett Mall Way (40,000+ VPD) and I-5 (172,000+ VPD) being at the epicente

Listing Details

Asset Class: Specialty
Year Built: 1985
Building Total Square Feet: 48442
Available Lease Space Square Feet: 48442
Number of Floors: 1
Total Parking Spaces: 0
Local Zoning Information: MU

Listing Courtesy of: Marcus & Millichap, Inc.

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.