4817 Evergreen WyEverett, WA 98203
Claremont Village
Overview
Claremont Village presents a unique opportunity to acquire a high-quality shopping center grocery-anchored by QFC (Kroger). The Center benefits from 100% occupancy, recent leasing momentum, 90% of the income stream coming from nationally recognized brands, 2.55% CAGR, and excellent access & visibility within an established and high-growth trade area.
Investment Highlights
- Anchored by QFC (Kroger), a leading grocery retailer with a credit rating of Ba2 (Moody's) & BB+ (S&P), renowned for its strong performance and quality brand.
- QFC Reports strong store sales.
- QFC developed a fuel pad in 2023, and extended their store lease, demonstrating their commitment to the location.
- QFC does not pay rent for the fuel pad providing long-term upside.
- Starbucks and Mountain Mike's Pizza signed brand-new 10-year leases in 2024 & 2025, adding high-quality and stable tenants to the Center.
- The Center is 100% leased, reflecting strong tenant demand and asset stability.
- 90% of the tenants are nationally recognized brands, ensuring high consumer draw and credit.
- Situated in Everett, a strategic location with robust economic activity and growth potential.
- Located just 1.5 miles south of Everett CBD and Port of Everett, placing it in proximity to vital economic hubs.
- It is rare to be able to acquire a high producing grocery anchored center with strong fundamentals within the Puget Sound region.
- The Center benefits from a solid growth profile and contracted rental increases producing a 2.55% CAGR.
OFFERING DETAILS
Terms of the Offering
Purchase Price
Best Offer
Year-1 NOI
$1,732,913
Building Area
86,497 SF
Land Area
6.78 Acres
Occupancy
100%
Debt
Offered Free & Clear
Photo Gallery
4817 Evergreen WyEverett, WA 98203
Sales Team
Listing provided by Revere CRE