Prepared by https://www.commercialmls.com
28817 Military Rd S Federal Way WA 98003
Listing #: 708820 | Status: Available | Last Modified: 4/9/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 1 |
| # of Elevators | 0 |
| Total Building SF | 14,238 SF |
| Net Rentable Area | 14,238 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 57,499 SF |
| Acres | 1.32 |
| Year Built | 2004 |
| Year Renovated | 2004 |
| Construction Type | Masonry |
| Property Type | |
|---|---|
| Property Type | Retail |
| Location | |
|---|---|
| County | King |
| Location Description | BLA #20121205900003; Lot B |
| Cross Street | S 288th St |
| Market Area | Federal Way |
| Tax ID # | 0421049030 |
| Zoning | BN |
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
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


