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- LoopNet Team
164 SW Campus Dr
Federal Way, WA 98023
Starbucks & Pacific Dental · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Drive Thru
ABOUT 164 SW CAMPUS DR , FEDERAL WAY, WA 98023
New Construction Two-Tenant NNN Drive-Thru Pad to Grocery Anchored Shopping Center: - Starbucks - Brand new 10-year lease - 10% increases every 5 years - Corporate guaranteed Starbucks lease (NASDAQ: SBUX, S&P: BBB+) - Pacific Dental Services - Brand new 10-year lease - Rare 3% annual increases - One of the nation’s largest private dental companies with over 750+ locations in 20 states; plans to add more than 80 offices each year - $1.4 billion revenue in 2018; $1.65 billion revenue estimated for 2019 Irreplaceable Location at the Signalized Entrance to the Shopping Center: Strategically located between both main entrances to WinCo Foods-anchored shopping center Located on Primary Retail Corridor with Close Proximity to I-5: 1 mile from I-5, a well-traveled freeway connecting Federal Way to Seattle and Tacoma Seattle-Tacoma MSA (12 minutes to Tacoma; 25 minutes to Downtown Seattle): - Over 3.8 million people and growing (14th largest MSA in the U.S.) - #1 “Best Places for Business and Careers” by Forbes (2018) - 30-minute drive to Seattle Tacoma International Airport
PROPERTY TAXES
| Parcel Number | 415920-0715 | Improvements Assessment | $1,073,000 |
| Land Assessment | $1,511,900 | Total Assessment | $2,584,900 |
PROPERTY TAXES
