31009 Pacific Hwy S | Federal Way, WA 98003
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31009 Pacific Hwy S
Federal Way, WA 98003
Campeon Market · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The offering presents investors with a rare opportunity to acquire fee interest in an absolute net 99 year ground lease
- The premises are currently leased to Campeon Market by H-Mart on a 15-year base term and has over 32 years remaining
- Located on one of the strongest retail corridors in the Puget Sound with multiple National Credit tenants nearby including a strong performing H-Mart
- The ground lease includes 1.5% annual increases and a CPI adjustment every 25 years
- The site sits on 5.23 acres and under current zoning provides strong redevelopment potential
PROPERTY FACTS
Property Type
Retail
Property Subtype
Supermarket
Building Size
52,571 SF
Building Class
B
Year Built
2002
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.23
Lot Size
5.23 AC
Zoning
BC
Parking
243 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,959,400 | |
| Land Assessment | $6,590,900 | Total Assessment | $8,550,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,590,900
Improvements Assessment
$1,959,400
Total Assessment
$8,550,300
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