Map of Property

For Sale

8500 Evergreen Way

8500 Evergreen Way, Everett, WA 98208

Excellent opportunity to acquire a fully remodeled drive-thru QSR investment located on high-traffic Evergreen Way in Everett. The property is leased to El Molino Mexican Cocina & Tortilleria, a local operator with strong community roots and a personal guarantee. Current rental rate is estimated to be below market, providing investors with meaningful upside through the lease’s fair market value renewal option in 2032.

Features include 3% annual rent increases, strong visibility, and positioning within a dense retail corridor surrounded by national tenants and significant daily traffic counts.

 

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Contacts

Jameson Sullivan

First Western Properties

Building Details

  • For Sale $1,200,000
  • Property Type Retail
  • Property Size 5,244 SF
  • Lot Size 0.81 Acre
  • Cap Rate % 6.18
  • NOI / YR $74,160.00
  • # of Floors 2
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1976
  • Date Updated Jun 12, 2026

Getting Around

  • Walk Score ®

    Very Walkable (71)

  • Transit Score ®

    Some Transit (44)

  • Bike Score ®

    Very Bikeable (77)
Powered by Walk Score ®

Location

  • City Everett, WA
  • Neighborhood Westmont
  • Zip Code 98208
  • Market Seattle

Points of Interest

Everett Station

4.04 miles

Shell

0.08 miles

Fred Meyer

0.21 miles

Arco

0.39 miles

Safeway

0.73 miles

S&S Petroleum

0.91 miles

Electrify America

0.91 miles

Tesla Supercharger Lynnwood, WA - 148th Street Southwest

4.58 miles

Blink

5.42 miles

Tesla Supercharger

5.50 miles

E6

1.53 miles

E4

1.56 miles

E5

1.59 miles

E3

1.60 miles

p

1.64 miles

South Everett Freeway Station

1.67 miles

E1

1.68 miles

E2

1.68 miles

Parking for Park

1.69 miles

Evergreen Asian Market

0.54 miles

Big Lots

0.60 miles

Ross

0.68 miles

Target

0.75 miles

Safeway

0.76 miles

Pacific Market

0.79 miles

Trader Joe's

0.81 miles

Walmart Supercenter

0.87 miles

Grocery Outlet

0.89 miles

8500 Evergreen Way Listing Summary

  • What is the asking price at 8500 Evergreen Way?

    8500 Evergreen Way is currently listed for sale at Contact for pricing.

  • What is the total size of 8500 Evergreen Way?

    8500 Evergreen Way has a total of 5,244 square feet.

  • What is the year built for 8500 Evergreen Way?

    The year built for 8500 Evergreen Way is 1976.

Contact Listing Broker
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