Marketing Description:

We have been selected to exclusively market for sale a successful Flying Squirrel Sports location in Everett, WA. Flying Squirrel Sports has 8 years remaining on the initial 10-year Personal Guaranteed NNN lease. The Property recently underwent a $7,500,000 remodel, $1,500,000 from landlord costs and $6,000,000 from the tenant for a completely new buildout featuring state of the art entertainment for kids to adults. The Property is priced well below the cost to build a comparable building in the local sub-market, providing a secure entry basis. The Lease features 10% rent increases every 5 years, with the next rent increase set to occur in July, 2026 bringing the cap rate to 7.70%. The Property is located off of SE Everett Mall Way (40,000+ VPD) and I-5 (172,000+ VPD) being at the epicente