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1515 S 344th Street
1515 S 344th St Federal Way WA 98003
Listing #: 709007 | Status: Pending | Last Modified: 3/24/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 0 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 0 |
| Net Operating Income | 0 |
| CAP Rate | 6.20 % |
| 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 | 2 |
| Total Building SF | 10,240 SF |
| Net Rentable Area | 10,240 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 23,772 SF |
| Acres | 0.55 |
| Year Built | 1977 |
| Property Type | |
|---|---|
| Property Type | Retail |
| Location | |
|---|---|
| County | King |
| Market Area | Federal Way |
| Tax ID # | 8897000030 |
| Zoning | CE |
Single-Tenant Investment Leased to Eagle Tire & Automotive Irreplaceable Corner Location Across from a Walmart Anchored Center Triple-Net Lease with Landlord Only Responsible for Roof/Structure Tenants Pays All Expenses Direct – Including Taxes and Insurance Low Current Rental Rate of $14.82/sf, with Market Rents of ~$18/sf Three (3) Years Remaining on Lease with Two 5-Year Options at FMV Tenant is a Regional Operator with Three Locations and a ~40 Year History Building Size: 10,240 SF Lot Size: 29,471 SF Cap Rate: 6.20% Price: $2,450,000
1515 S 344th Street
1515 S 344th St Federal Way WA 98003
Listing #: 709007 | Status: Pending | Listing Date: 2/23/2026 | Last Modified: 3/24/2026 | Email Listing
For Sale
1515 S 344th Street
