Property Details

1515 S 344th St

Federal Way, WA 98003

$2,450,000

Off Market

CBA# 709007 courtesy of CBA Listing firm: NAI Puget Sound Properties

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Office / Retail

Property Type

10,240

Bldg Sq Ft

1977

Year Built

Property Overview

Single-Tenant Investment Leased to Eagle Tire & Automotive Irreplaceable Corner Location Across from a Walmart Anchored CenterTriple-Net Lease with Landlord Only Responsible for Roof/StructureTenants Pays All Expenses Direct – Including Taxes and InsuranceLow Current Rental Rate of $14.82/sf, with Market Rents of ~$18/sfThree (3) Years Remaining on Lease with Two 5-Year Options at FMVTenant is a Regional Operator with Three Locations and a ~40 Year History Building Size: 10,240 SFLot Size: 29,471 SFCap Rate: 6.20%Price: $2,450,000