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33520 21st Ave SW
Federal Way, WA 98023 Federal Way

$8,829,251 USD

Drugstore For Sale  •  12,900 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 12,900 SF
  • Lot Size 1.19 AC
  • Building Class B
  • Year Built 2018
  • Tenancy Single
  • Zoning BN
32 Transit Score
80 Walk Score

Highlights

19+ years remaining on absolute net lease
Zero cash flow lease structure (see Page 5)
Corporate guaranty from CVS Health Corporation (see below)
2018 build-to-suit construction at signalized hard corner
Heavily trafficked intersection – 47,000+ VPD
2024 revenue totaled $372.8 billion, a 4.2% increase over the previous year

Property Flyers

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Auburn Station (Seattle - Tacoma/Lakewood - Sound Transit, Sounder South Line - Sound Transit) 12 min - 7.1 mi
Tacoma Dome Station (Seattle - Tacoma/Lakewood - Sound Transit, Sounder South Line - Sound Transit, Tacoma Link - Sound Transit) 15 min - 9.3 mi
AirportDriveWalkDistance
Seattle-Tacoma International 28 min - 13.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: SurfaceTandem
Included in Rent: Yes
John Andreini 650-678-7200 CP Partners CRE
John Andreini 650-678-7200 CP Partners CRE