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.
Building Details
- For Sale $1,200,000
- Property Type Retail
- Property Size 3,192 SF
- Lot Size 0.81 Acre
- Cap Rate % 6.18
- NOI / YR $74,160.00
- Additional Rent Price on request
- # of Floors 2
- Property Tenancy Single Tenant
- Building Class C
- Year Built 1976
- Date Updated Oct 28, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
First Western Properties
Location
- City Everett, WA
- Neighborhood Westmont
- Zip Code 98208
- Market Seattle
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Walk score 71/100 Very Walkable -
Transit score 44/100 Some Transit -
Bike score 77/100 Very Bikeable
Points of Interest
Mukilteo
3.75 miles
Everett Station
4.04 miles
Chevron
0.06 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
Eastmont Park and Ride
1.22 miles
E6
1.53 miles
E4
1.56 miles
E5
1.59 miles
E3
1.60 miles
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1.64 miles
South Everett Freeway Station
1.67 miles
E1
1.68 miles
E2
1.68 miles
Parking for Park
1.69 miles
Fred Meyer
0.11 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
Listing Summary
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Property Financials 8500 Evergreen Way is currently listed for sale at $1,200,000 for a price per square foot of $375.94.
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Property Details 8500 Evergreen Way totals 3,192 square feet of Retail space across 2 floors on a lot spanning 0.81 acres. The property was initially built in 1976. Based on its location, amenities, and finishes, the property is listed as class C.
Tenancy at 8500 Evergreen Way is listed as Single Tenant.
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Area Characteristics 8500 Evergreen Way is located in the Westmont neighborhood.
In terms of ease of commuting, the area has a walk score of 71, indicating that it is very walkable.
First Western Properties
