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28817 Military Rd S
Federal Way, WA 98003 Federal Way

$4,285,000 USD

Drugstore For Sale  •  14,238 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 14,238 SF
  • Lot Size 1.32 AC
  • Building Class B
  • Year Built 2004
  • Cap Rate 8.75 %
  • Tenancy Single
  • Zoning NB
38 Transit Score
68 Walk Score

Highlights

5+ Year Lease | Absolute NNN Lease with Zero Landlord Responsibilities
Strong Corporate Guarantee | Attractive 13% Rent Increase in 2031
Solid Historical Occupancy + Early Lease Extension
No Pharmacy Competition | Densely Populated Submarket
Grocery Shadow Anchored by Nationally Top 10% Ranked Safeway
High-Traffic, Signalized Hard Corner Location (33,000+ VPD)

Property Flyers

Cap Rate: 8.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 14,238 SF 9/30/2031

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Seattle-Tacoma International 19 min - 9.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Clayton Brown 206-826-5787 Marcus & Millichap
Clayton Brown 206-826-5787 Marcus & Millichap