Map of Property

8500 Evergreen Way

For Sale

8500 Evergreen Way, Everett, WA 98208

This Everett property for sale is located at 8500 Evergreen Way. The general use of 8500 Evergreen Way is retail and it incorporates 5,244 square feet of class C retail space. The current listed sale price for 8500 Evergreen Way is $1,200,000. 8500 Evergreen Way is situated on a lot that is 0.81 acre in size.

Contacts

Jameson Sullivan

First Western Properties

Property Details

  • 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

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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Reach out to the broker for more info on lease terms and amenities

Getting around

  • 71/100

    Walk Score ®

  • 44/100

    Transit Score ®

  • 77/100

    Bike Score ®

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Location

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

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

  • 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

  • Jack in the Box

    0.03 miles

  • Burger King

    0.03 miles

  • Denny's

    0.05 miles

  • Wingstop

    0.05 miles

  • Panda Express

    0.05 miles

  • Gyros Plus

    0.10 miles

  • Manna Teriyaki

    0.10 miles

  • Little Caesars

    0.11 miles

  • Subway

    0.11 miles

  • Pho To Liem

    0.11 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

Contact Listing Broker
Jameson Sullivan

First Western Properties

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