|
|
|
|
Clayton Brown
Direct: (206) 826-5787
|
|
|
Marcus & Millichap, Inc.
Main: (206) 826-5700
www.marcusmillichap.com
|
|
|
|
|
|
|
|
FOR SALE - Listing #: 708820
Walgreens - Federal Way
28817 - 0 Military Rd S, Federal Way WA98003
14,238 Available SF 14,238 SF
BLA #20121205900003; Lot B
Agent Remarks
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
|
County
|
King
|
|
|
Market Area
|
Federal Way
|
|
|
Tax ID #
|
0421049030
|
|
|
Price
|
$ 4,285,000
|
|
Property Details
|
Prop Type
|
Retail
|
|
|
# Floors
|
1
|
|
|
Bldg SF
|
14,238
|
|
|
Year Built
|
2004
|
|
|
Land SF
|
57,499
|
|
|
# Bldgs
|
1
|
|
|
Acres
|
1.32
|
|
|
# Parking Spaces
|
0
|
|
|
Office Class
|
|
|
|
|
|
|
|
|
|
Informational Links
|
|
|
