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Towne Square 32018-32050 23rd Ave S 985 SF of Retail Space Available in Federal Way, WA 98003
HIGHLIGHTS
- High-traffic location on 320th St.
- Easy ingress and egress
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 32040 | 985 SF | 3-5 Years | $25.00 /SF/YR $2.08 /SF/MO $24,625 /YR $2,052 /MO | Triple Net (NNN) |
32018-32050 23rd Ave S - 1st Floor - Ste 32040
Federal Way Towne Square has for lease two, choice retail spaces. The spaces are 985sf and 1,280sf and offer a mostly open floor plan with a restroom at the back as well as the benefit of a back door. Box signage is on the building fascia, and a monument sign is positioned to catch the attention of traffic at the lighted intersection of 320th St and 23rd Ave. The two spaces for lease are side by side in the shopping center and could be combined for a total of 2,265sf. Federal Way Towne Square offers a fantastic location just off Interstate 5 at the S. 320th St. exit with ample parking and access. Join fine tenants UW Medicine Federal Way Clinic, Apple Physical Therapy, I-5 Drive School, Sign-A-Rama and more!
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space In Need of Renovation
- Central Air Conditioning
- Professional Lease
- Easy access from busy 320th St.
- Close to Interstate 5
- Monument signage
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
SELECT TENANTS AT TOWNE SQUARE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- ATI Physical Therapy
- Health Care
- 1,068
- National
- UW Physicians
- Other Services
- 177
- Regional
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| ATI Physical Therapy | Health Care | 1,068 | National |
| UW Physicians | Other Services | 177 | Regional |
PROPERTY FACTS
| Total Space Available | 985 SF | Frontage | |
| Center Type | Strip Center | Gross Leasable Area | 27,895 SF |
| Parking | 140 Spaces | Total Land Area | 2.03 AC |
| Stores | 15 | Year Built | 1986 |
| Center Properties | 1 |
| Total Space Available | 985 SF |
| Center Type | Strip Center |
| Parking | 140 Spaces |
| Stores | 15 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 27,895 SF |
| Total Land Area | 2.03 AC |
| Year Built | 1986 |
ABOUT THE PROPERTY
Federal Way Towne Square offers a fantastic location just off Interstate 5 at the S. 320th St. exit, with ample parking and access. Join fine tenants UW Medicine Federal Way Clinic, Apple Physical Therapy, I-5 Drive School, Sign-A-Rama and many more!
- 24 Hour Access
- Pylon Sign
- Signage
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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Towne Square | 32018-32050 23rd Ave S
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