221 State AveMarysville, WA 98270

Property Details for 221 State Ave

Year built

1977

Lot size

0.11 AC

Property size (Sq ft)

6,853 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a 6,853 square foot, multi-tenant retail center located at 221 State Ave, Marysville, WA 98270. The property, built in 1977, is situated on a 0.11-acre lot and boasts 100% occupancy with four tenants: Verizon Wireless, Edward Jones, Reboot Combat Recovery, and PacWeezy Barbershop. Verizon, a credit-rated tenant, occupies 20% of the gross leasable area (GLA) and recently signed a new 5-year lease extension after over 12 years of tenancy. All tenants operate under triple net (NNN) leases, protecting the owner from rising operating expenses. The property benefits from its strategic location at the hard corner of Fourth and State Streets, providing excellent visibility and accessibility with direct access to I-5 ramps. It's part of the Albertsons-anchored Marysville Town Center, a thriving daily-needs retail center also featuring Big Lots, Staples, Burlington, and Daiso. The center enjoys high traffic due to its strong anchor tenants and location within the rapidly growing Marysville-Arlington trade area, the second-largest city in Snohomish County, with an average household income exceeding $123,000 within a 3-mile radius. The asking price is $2,300,000, representing a 5.50% cap rate and a pro-forma cap rate of 7.10%. Ample parking is available with 850 spaces. The property offers significant upside potential with the lease-up of a remaining 2,115 square foot vacancy. This is a stabilized investment with a strong tenant mix and excellent growth prospects.

Location Insight

City

Marysville

County

Snohomish

State

Washington

Latitude

48.0509

Longitude

-122.177

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].