Dairy Queen | 325 Marysville Mall Way
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Dairy Queen 325 Marysville Mall Way
3,300 SF Retail Building Marysville, WA 98270 £2,018,181 (£612/SF) 5.30% Net Initial Yield
Investment Highlights
- Absolute NNN lease with zero Landlord responsibilities including roof & structure
- Strong annual sales with a low rent-to-sales ratio
- art of the 226,000 SF Albertsons-anchored Marysville Town Center, which boasts strong sales and nearly 1 million annual visitors
- 15 years remaining with a recent 10-year extension extending the lease expiration to 2040
- Near-term 10% rent increase scheduled for May 2026 with additional 10%-14% rent increases scheduled for every 4-5 years thereafter
- Located at the prominent intersection of Fourth Street and State Ave. with direct access to Interstate 5, exposed to over 150,000 vehicles per day
Executive Summary
The Offering provides the opportunity to acquire an Absolute NNN Dairy Queen pad of the Albertsons-anchored Marysville Town Center, a daily-needs retail center. Dairy Queen has operated at the center since construction in 1988 and recently extended their lease through 2040, providing over 15 years of remaining term. Scheduled rental increases range between 10%-14% through the term and two, ?ve-year options, which will increase yield by an estimated 330 basis points. The Property bene?ts from its location at the hard corner of Fourth and State Streets with direct access to I-5 ramps, and daily draw provided by a reportedly high-performing Albertsons, in addition to Big Lots, Staples, and new leases with Burlington and Daiso. Please follow this link for more information: https://hubs.la/Q02Qc2-Y0
Property Facts In Escrow
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,300 SF
Building Class
C
Year Built
1988
Price
£2,018,181
Price Per SF
£612
Net Initial Yield
5.30%
NOI
£106,892
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
0.67 AC
Zoning
DC
Parking
36 Spaces (10.91 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Drive Thru
Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (76)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £15,179,672 | |
Land Assessment | £4,559,892 | Total Assessment | £19,739,565 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£4,559,892
Improvements Assessment
£15,179,672
Total Assessment
£19,739,565
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Dairy Queen | 325 Marysville Mall Way
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