28817 Military Rd S
Federal Way WA 98003
Walgreens - Federal Way
28817 Military Rd S Federal Way WA 98003
Listing #: 708820 | Status: Available | Last Modified: 4/9/2026 |
For Sale
- Phone:(206) 826-5787
- Email:brownretailgroup@marcusmillichap.com
- Office Name:Marcus & Millichap, Inc.
- Office Phone:(206) 826-5700
- Office Website:www.marcusmillichap.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,285,000.0
- $/SF$ 301.0
- Listing StatusAvailable
- Days on Market75
- Asset ClassRetail
- Terms
- Investment Type
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF14238
- Net Rentable Area14238
- Total Office SF
- Largest Contiguous SF
- Lot SF57499
- Acres1.32
- Property TypeRetail
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location DescriptionBLA #20121205900003; Lot B
- Second Address
- Cross StreetS 288th St
- Market AreaFederal Way
- Tax ID #0421049030
- Additional Parcels
- ZoningBN
- Year Built2004
- Year Renovated2004
- Completion Date
- Roof Type
- Construction TypeMasonry
Walgreens | Absolute NNN Lease
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
Drive-Thru, Stand-Alone
