Starbucks

Newmark Retail Capital Markets, Seattle are pleased to announce the sale of Starbucks. Starbucks relocated to this site in 2016 from a neighboring in-line store location, and recently exercised an early 5-year option and completed an extensive store remodel in 2023 at Tenant’s cost, showcasing their commitment to site. Starbucks benefits from being located on a prime corner parcel at the intersection of 4th Ave W and 128th St SW in Everett, and sees ample consumer and foot traffic with vehicle traffic counts in excess of 50,000 per day. The investment benefits from a rental increase in 2026 moving the cap rate approximately 60 basis points.