MLS #2482807 / Listing provided by NWMLS & Kidder Mathews.
$4,750,000
9004 Vernon Road
Lake Stevens,
WA
98258
Year Built
Pleased to present the opportunity to acquire a Single Tenant - NNN, Petco located in Lake Stevens, Washington, with a newly executed 10-Year Lease Extension. The 11,550 SQFT property is leased directly to Petco Animal Supplies Stores, Inc., the Corporate Operating entity with over 1,500 Locations Nationwide. The lease includes Scheduled Rent Increases every 5-Years, offering predictable income growth with minimal landlord expense exposure. Strategically positioned within a high-barrier-to-entry retail corridor, the property offers excellent visibility and access along State Route 204, the primary east-west arterial connecting Lake Stevens to Everett and the I-5 corridor, with close proximity to State Route 9, the area’s dominant north-south highway. The site is surrounded by strong national retailers including Safeway, Target, and Ace Hardware, reinforcing its position within a proven retail trade area. Strong demographics, historically low retail vacancy, and the continued growth of the Snohomish County economy, supported by major employers such as Boeing and the U.S. Navy, further underpin the long-term performance of the investment.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: Yes
Parking
- Parking Total: 0
Lot Details
- Acres: 1.01
Lot Details
- Acres: 1.01
Power
- Energy Source: See Remarks
Water, Sewer, and Garbage
- Sewer: Available
- Water Source: See Remarks
James White
Broker | REALTOR®
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