13025 Bothell Everett Hwy · Everett, WA 98208 · QSR / Restaurant
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PROPERTY HIGHLIGHTS
The Offering presents the opportunity to acquire a brand-new Chick-fil-A ground lease located in the
Murphy’s Corner neighborhood between Mill Creek and Everett, Washington. The Property is currently
under construction with anticipated grand opening of April 2026 on a brand-new 15-year ground lease
expiring April 30, 2041, and is positioned along Bothell Everett Highway (SR-527) and 132nd St SE, two
of the primary commercial corridors serving South Everett and Mill Creek.
Murphy’s Corner continues to emerge as a meaningful suburban retail node driven by surrounding
residential growth, commuter traffic, and limited retail vacancy. Chick-fil-A recently announced a broader
Washington expansion initiative with nine new restaurants planned across the state by early 2027,
reinforcing the brand’s commitment to the market.
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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.