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Safeway - Federal Way, WA 28810 Military Rd S 25,766 SF Retail Building Federal Way, WA 98003 $7,720,000 ($299.62/SF) 5.50% Cap Rate
Investment Highlights
- Long-Term Lease Term Through 2037
- Absolute Net (NNN) Lease Structure
- Strategic Neighborhood Location
- Exceptional Store Sales Performance Driving Asset Strength
- High Barrier-to-Entry Infill Location with Strong Traffic Exposure
- Strong Household Income
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
25,766 SF
Building Class
C
Year Built
1972
Price
$7,720,000
Price Per SF
$299.62
Cap Rate
5.50%
NOI
$424,545
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.21
Lot Size
2.80 AC
Zoning
BC, Federal Way
Parking
140 Spaces (5.43 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 042104-9110 | Improvements Assessment | $956,400 |
| Land Assessment | $2,927,200 | Total Assessment | $3,883,600 |
Property Taxes
Parcel Number
042104-9110
Land Assessment
$2,927,200
Improvements Assessment
$956,400
Total Assessment
$3,883,600
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Safeway - Federal Way, WA | 28810 Military Rd S
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