Pleased to present the opportunity to acquire a Single Tenant - NNN, Petco located in Lake Stevens, Washington, with a newly executed 10-Year Lease Extension. The 11,550 SQFT property is leased directly to Petco Animal Supplies Stores, Inc., the Corporate Operating entity with over 1,500 Locations Nationwide. The lease includes Scheduled Rent Increases every 5-Years, offering predictable income growth with minimal landlord expense exposure. Strategically positioned within a high-barrier-to-entry retail corridor, the property offers excellent visibility and access along State Route 204, the primary east-west arterial connecting Lake Stevens to Everett and the I-5 corridor, with close proximity to State Route 9, the area’s dominant north-south highway. The site is surrounded by strong national retailers including Safeway, Target, and Ace Hardware, reinforcing its position within a proven retail trade area. Strong demographics, historically low retail vacancy, and the continued growth of the Snohomish County economy, supported by major employers such as Boeing and the U.S. Navy, further underpin the long-term performance of the investment.
Positioned in the heart of South Lake Stevens, just across from Costco. This 1 Acre parcel is ready for prime commercial development. Recently, the property was zoned in the City of Lake Stevens as CD (Commercial District), which has various uses. The property also benefits from high visibility, strong consumer activity, and continued residential expansion in the surrounding neighborhoods. The central location provides convenient access to key arterials, making it an ideal setting for a wide range of opportunities.
Don’t miss this rare opportunity in the heart of rapidly growing South Lake Stevens. This property features two commercial tax parcels totaling 1.38 acres of flat, usable land with excellent access and high visibility — directly across from the future Lake Stevens City Hall. This location is poised for explosive growth, offering unmatched exposure in a high-traffic corridor that’s seeing a surge in both vehicle and pedestrian activity thanks to ongoing municipal and community development. Perfect for office, retail, or service-oriented development, this property offers an unparalleled opportunity to establish a presence in one of Snohomish County’s fastest-growing markets.
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Lake Stevens is located in Washington. Lake Stevens, Washington has a population of 35,135. Lake Stevens is more family-centric than the surrounding county with 42.62% of the households containing married families with children. The county average for households married with children is 35.29%.
The median household income in Lake Stevens, Washington is $99,296. The median household income for the surrounding county is $95,618 compared to the national median of $69,021. The median age of people living in Lake Stevens is 34.5 years.
The average high temperature in July is 74 degrees, with an average low temperature in January of 35.2 degrees. The average rainfall is approximately 43.6 inches per year, with 3.8 inches of snow per year.