Property Listings
Woods Coffee
Kidder Mathews is pleased to present the opportunity to acquire a newly constructed, drive-thru–oriented Woods Coffee located in Everett, Washington.
This high-quality asset is part of a dynamic new retail development that also features a Sonic Drive-In and Quick Quack Car Wash on adjacent parcels, creating a strong complementary tenant mix and consistent consumer draw.
Strategically positioned at a signalized intersection with strong traffic counts, the property benefits from excellent visibility, accessibility, and exposure to daily commuter flow. The offering is further enhanced by long-term, triple-net (NNN) lease structures with both Woods Coffee and Quick Quack Car Wash, providing investors with stable, passive income and minimal landlord responsibilities.
- Both tenants are on long-term lease structures, providing stable and predictable cash flow. Woods Coffee has executed a 10-year initial lease term with four (4) five-year extension options, while Quick Quack is committed to a 20-year lease with six (6) five-year renewal options
- Completed in October 2022, the property features modern construction with attractive design and high-quality materials. The new-build nature of the asset minimizes near-term capital expenditures and ensures a low-maintenance investment
- Strategically positioned along Evergreen Way/Pacific Highway, the property benefits from exceptional visibility and exposure, with traffic counts exceeding 36,000 vehicles per day
- The asset is anchored by a drive-thru format, catering to convenience-driven consumer demand. Woods Coffee is a well established, locally owned operator with 21 locations across Washington, offering strong brand recognition and a loyal regional customer base
- Quick Quack leases seven (7) dedicated parking spaces for vacuum stalls, generating additional income and further strengthening the long-term revenue profile