This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
28810 Military Rd S
Federal Way, WA 98003
Safeway · Retail Property For Sale
PROPERTY FACTS
ABOUT 28810 MILITARY RD S , FEDERAL WAY, WA 98003
DIRECT ACCESS FROM INTERSTATE 5 Safeway is conveniently located on S 288th Street, which leads directly to and from I-5 a well traveled freeway running north to Canada and south across Oregon and California with traffic counts of 192,000 vehicles per day. HIGH TRAFFICKED CORNER LOCATION The property is located at the intersection of S Military Road and S 288th Street with combined traffic counts of over 26,000 vehicles per day. NEW 20 YEAR LEASE New 20 year absolute net lease with 1.5% annual increases at start of years 2-5, then 7.5% increases every 5 years starting after year 10. ABSOLUTE NET LEASE The absolute net lease structure provides owner with a passive investment and no landlord maintenance responsibilities. ALBERTSONS COMPANIES INC. • Corporate Guarantee from Albertsons Companies, Inc., the second-largest traditional grocer in the United States • $59.7 Billion in revenue for 2016 • Largest privately held traditional grocer in the United States
PROPERTY TAXES
| Parcel Number | 042104-9110 | Improvements Assessment | $726,700 |
| Land Assessment | $2,927,200 | Total Assessment | $3,653,900 |
PROPERTY TAXES
