11608 Airport RdEverett, WA 98204

For Sale
$988,000

High-yield Airport Road property, strong tenant.

Overview

Added:
Feb 3
Days on market:
39
This exceptional commercial investment property is located at 11608 Airport Road in Everett, Washington, offering a prime location just off Highway 99, near Boeing and the new Snohomish County National Airport. The property boasts a 1,828-square-foot building constructed in 1978, situated on a 9,583-square-foot lot. Ample parking is provided with over 12 spaces. Currently leased to Airport Massage under a triple net lease, this property offers a secure and consistent income stream. The monthly rent is $4,923.42, with a built-in 6% annual increase, resulting in an annual gross and net income of $59,081. This translates to a 6% capitalization rate, making it an attractive investment opportunity for discerning buyers. The property's strategic location near major transportation arteries and prominent businesses ensures high visibility and accessibility. This is a rare chance to acquire a well-established, income-producing commercial property in a thriving area. The long-term lease provides stability and predictable returns, making this an ideal addition to any investment portfolio. Don't miss this chance to secure a piece of Everett's vibrant commercial landscape.

Property Details for 11608 Airport Rd

Property type
Other commercial real estate
Year Built
1978

Location Insight

City
Everett
County
Snohomish
State
Washington
Latitude
47.8926
Longitude
-122.2614
11608 Airport Rd, Everett, Washington

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11608 Airport Rd
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