LISTING DETAILS

Walgreens - Federal Way

28817 Military Rd S Federal Way WA 98003

Listing #: 708820 | Status: Available | Last Modified: 4/9/2026

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Retail Asset Class Info
Crane Tonnage0
Building Information
Building StatusExisting
# of Buildings1
# of Floors1
# of Elevators0
Total Building SF14,238 SF
Net Rentable Area14,238 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF57,499 SF
Acres1.32
Year Built2004
Year Renovated2004
Construction TypeMasonry
Property Type
Property TypeRetail
Location
CountyKing
Location DescriptionBLA #20121205900003; Lot B
Cross StreetS 288th St
Market AreaFederal Way
Tax ID #0421049030
ZoningBN

Walgreens | Absolute NNN Lease

Public Comments

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

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Walgreens - Federal Way
28817 Military Rd S Federal Way WA 98003

Listing #: 708820 | Status: Available | Listing Date: 2/18/2026 | Last Modified: 4/9/2026 | Email Listing

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Walgreens - Federal Way

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