Property Details

28817 Military Rd S

Federal Way, WA 98003

$4,285,000

Off Market

CBA# 708820 courtesy of CBA Listing firm: Marcus & Millichap, Inc.

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I’d like more information about 28817 Military Rd S, Federal Way, MLS# 708820

Office / Retail

Property Type

14,238

Bldg Sq Ft

2004

Year Built

Property Overview

We have been selected to exclusively market for sale a 5+ Year Absolute NNN Walgreens in Federal Way, WA (Seattle-Tacoma MSA). The property has 5+ years remaining on an absolute NNN lease and six, 5-year renewal options. The lease is corporately guaranteed by Walgreens Boots Alliance, Inc, now owned by Sycamore Partners, which manages over $11B in committed capital. Walgreens has occupied this location since 2004 (21+ years) and benefits from no pharmacy competition within 2 miles. The property is shadow anchored by a top 10% ranked Safeway grocery store (910,000+ annual visits) and adjacent Valley Harvest International Market (500,000+ annual visits), driving strong and diverse traffic flow. Situated at the signalized intersection of Military Road S and S 288th Street, the property benefi