The DNR originally looked to swap 27 acres of trust land in Kitsap County for a smaller privately owned parcel in Arlington on which a Bartell Drugs operates. It dropped that plan in favor of buying the commercially zoned property outright. (Washington State Department of Natural Resources)

The DNR originally looked to swap 27 acres of trust land in Kitsap County for a smaller privately owned parcel in Arlington on which a Bartell Drugs operates. It dropped that plan in favor of buying the commercially zoned property outright. (Washington State Department of Natural Resources)

An Arlington Bartell Drugs will help build public schools

The 1.5-acre lot will bring in $483,000 annually for a statewide fund used to build public schools.

ARLINGTON — The state Department of Natural Resources usually deals in trees and timber, but this month it moved to purchase a new asset — a Bartell Drugs in Arlington.

The department board agreed to buy the 1.5-acre lot and building at 7423 204th St. NE for $9 million Dec 3. Once the transaction is completed, the agency will garner a new stream of money for a statewide fund used to build public schools.

The state will manage the lease with Bartell, which is projected to bring in $483,000 annually for the Common School Trust.

More than 13 years remain on the current lease. The company can renew every five years for up to an additional 25 years.

The purchase is a pivot from a September plan to swap 27 acres of trust land in Kitsap County for the Arlington parcel.

“Land transactions like the proposed exchange can be incredibly complex,” trust spokesperson Kenny Ocker said. “The timing … wasn’t going to work out right.”

Instead, the department hung on to the forested acreage abutting Highway 303 near the Kitsap Mall and bought the Arlington land outright.

Brian Sims, a spokesperson for the Washington State School Directors Association, sees the move as adding a stable cash flow with low risk.

“It is, I believe, a smart acquisition,” he said at the Dec. 3 state Board of Natural Resources meeting. “It improves revenue.”

This purchase is part of a larger department push to diversify its holdings beyond timber. The state agency will now manage 27 such ground leases where it owns and leases the underlying land.

Commissioner of Public Lands Hilary Franz said Snohomish County is an ideal location for the investment.

“Snohomish County is one of the fastest-growing counties actually in the nation,” she said. “This puts us squarely in that community in the urban growth area.”

Julia-Grace Sanders: 425-339-3439; jgsanders@heraldnet.com.

Talk to us

More in Local News

FILE - This Monday, June 17, 2019, file photo shows 5-mg pills of Oxycodone. While the nation's attorneys general debate a legal settlement with Purdue Pharma, the opioid epidemic associated with the company's blockbuster painkiller OxyContin rages on. The drugs still kill tens of thousands of people each year with no end in sight. (AP Photo/Keith Srakocic, File)
High court ruling spurs effort to retool state’s drug laws

Meanwhile, the Blake decision has gotten people out jail, charges dismissed and possibly clemency for some.

NO CAPTION NECESSARY: Logo for the Cornfield Report by Jerry Cornfield. 20200112
5 wrinkles for lawmakers to iron out in session’s last days

Here’s what’s happening on Day 92 of the 2021 session of the Washington Legislature.

Lakewood High School. (Lakewood School District)
Voters asked again to support Lakewood students with a levy

The school district seeks passage of a measure with a lower tax rate than those which voters rejected in 2020.

Marysville police investigating gunshots that injured man

The Marysville man, 62, suffered a wound to his left knee and was treated at a hospital.

Police: Man shot in head outside Arlington dialysis clinic

He was dead at the scene. No suspects have been arrested. Police are asking for help.

Man died in Mill Creek crash, police investigating cause

It was described as a “near head-on collision.” Another person was also transported to a hospital.

With the sun shining and trees blooming, Guy Bernstein and Heidi Easterling enjoy lunch in a convertible Volkswagen Beetle at Grand Avenue Park on Monday, April 12, 2021 in Everett, Washington.  (Andy Bronson / The Herald)
Springtime sun is finally here, and it’s going to get warmer

There is no rain in the forecast until Monday, and the weekend is expected to be downright balmy.

Inslee to announce possible new COVID restrictions Monday

At a news conference Thursday the governor said “we’ve let our guard down to some degree.”

Most Read