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1515 S 344th Street

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1515 S 344th Street

1515 S 344th St, Federal Way, WA 98003
Retail For Sale Pending Built 1977 2 floors Zoning: CE
Asking Price
$2,450,000
Total Building10,240 SF
Available10,240 SF avail
Land23,772 SF land
MarketFederal Way
CountyKing

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Overview

Property ID
306265
Listing ID
709007
Type
Retail
Asset Class
Retail
Zoning
CE

Description

Single-Tenant Investment Leased to Eagle Tire & Automotive Irreplaceable Corner Location Across from a Walmart Anchored CenterTriple-Net Lease with Landlord Only Responsible for Roof/StructureTenants Pays All Expenses Direct – Including Taxes and InsuranceLow Current Rental Rate of $14.82/sf, with Market Rents of ~$18/sfThree (3) Years Remaining on Lease with Two 5-Year Options at FMVTenant is a Regional Operator with Three Locations and a ~40 Year History Building Size: 10,240 SFLot Size: 29,471 SFCap Rate: 6.20%Price: $2,450,000

Listing Courtesy of:

KS
Kyle Sterling
NAI Puget Sound Properties
914 A St #200,
Tacoma, WA 98402
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.