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Walgreens - Federal Way

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Walgreens - Federal Way

28817 Military Rd S, Federal Way, WA 98003
Retail For Sale Available Built 2004 1 floors Zoning: BN
Asking Price
$4,285,000
Total Building14,238 SF
Available14,238 SF avail
Land57,499 SF land
ConstructionMasonry
MarketFederal Way
CountyKing

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Overview

Property ID
128507
Listing ID
708820
Type
Retail
Asset Class
Retail
Zoning
BN

Description

We have been selected to exclusively market for sale a 5+ Year Absolute NNN Walgreens in Federal Way, WA (Seattle-Tacoma MSA). The property has 5+ years remaining on an absolute NNN lease and six, 5-year renewal options. The lease is corporately guaranteed by Walgreens Boots Alliance, Inc, now owned by Sycamore Partners, which manages over $11B in committed capital. Walgreens has occupied this location since 2004 (21+ years) and benefits from no pharmacy competition within 2 miles. The property is shadow anchored by a top 10% ranked Safeway grocery store (910,000+ annual visits) and adjacent Valley Harvest International Market (500,000+ annual visits), driving strong and diverse traffic flow. Situated at the signalized intersection of Military Road S and S 288th Street, the property benefi

Listing Courtesy of:

CB
Clayton Brown
Marcus & Millichap, Inc.
401 Union Street, 32nd fl,
Seattle, WA 98101
State: WA City: Federal Way ZIP: 98003 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.