Chase Bank · Everett, WA | InvestmentGrade.com

Chase Bank Absolute NNN

NWC 132nd Street SE & 16th Avenue SE · Everett, WA 98208 · Banking / Financial

Asking price

$2,736,842

Cap rate

4.75%

NOI

$130,000

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN

Term remaining13.4 yrs

Expiration11/2039

Rent bumps10% every 5 years

Options4 x 5 year

Ground leaseYes

Credit profileCredit Rated

TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF2,700

Price / SF$1,014

Year built2024

Lot size0.43 ac

TypeBank, Shopping Center

Days on market202

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

NNN Ground Lease
Outparcel at the signalized main entrance to a Fred Meyer & Walgreens
Grocery / Drug Anchored Shopping Center
Brand new 2024 construction
10% rent increases every 5 years provide a hedge against inflation
Investment Grade Tenant - Rated A+ Stable by Standard & Poor's, Aa1 Stable by Moody's
Exceptional Visibility - Located at the highly trafficked, signalized hard corner intersection of 132nd Street SE (28,448 average daily traffic), and a combined shopping center traffic count of 57,426 at the intersection of 132nd and HWY 527
Densely Populated and Affluent Trade Area - Over 322,000 residents 5 miles with an average household income over $136,000
Located in a highly trafficked retail corridor surrounded by national tenants such as Lowe's Home Improvement, Sprouts Farmers Market & Fred Meyer
1.5 miles east of the Link Light Rail at Mariner Station - The Everett Link
Extension project will extend the service of the existing light rail from Everett to the University of Washington, downtown Seattle, Sea-Tac Airport (Click Here For More Info)
22 miles north of downtown Seattle
Washington is an income tax free state

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

Register to view photography and request the offering memorandum

Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.

I agree to the Listing Access Terms. Listings on InvestmentGrade.com are compiled from a wide network of brokerages and marketing sources so you can see the broader net lease market in one place rather than only one firm's inventory. Investment Grade Income Property, LP is not the listing broker unless stated. Figures are as published by the listing party and must be independently verified. Full details are shared with registered buyers. See the full disclaimer.

Asking-market observation aggregated from public listing sources, last observed Sep 25, 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.