Federal Way, WA Retail Property For Sale

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Retail for Sale

Federal Way, WA 98023

• Automotive Service Building

• Excess Developable Land

• Opportunity to Purchase Business

• Owner-User Opportunity

• BN Zoning

• Excellent Visibility and Frontage

• 16 Ft Clear Height

• Six Roll-up Doors

• Six Above-ground Lifts

• Year Built: 1999

• Building Size: 4,800 SF

• Plan/Permits Completed for Building Expansion + Car Wash Tax iD #: 2521039032

Retail for Sale

Federal Way, WA 98003

Two story office building, ideal owner-user opportunity. Former bank drive-thru. Zoning allows

variety of uses including office, retail, medical and more. Located directly across from a major

grocery store. Close to many retailers, including The Commons Mall. Less than one mile from

newly planned light rail station. Tax iD #: 1500500010

Retail for Sale

Federal Way, WA 98023

Tax iD #: 1898800020

Land for Sale

Federal Way, WA 98003

Tax iD #: 0921049248

Retail for Sale

Federal Way, WA 98003-0

• The offering provides the rare opportunity to acquire a fee interest with a 99 year absolute net ground lease that includes 1.5% annual increases & a CPI adjustment every 25 yrs

• The premises are currently leased to Campeon Market by H-Mart on a 15-yr base term & has over 32 yrs remaining. This underlying lease is guaranteed by the founder/CEO of H-Mart with an exceptionally strong net worth

• The site sits on 5.23ac & under current zoning provides strong redevelopment potential

• Located on one of the strongest retail corridors in the Puget Sound with multiple National Credit tenants nearby including a strong performing H-Mart across the street

• 3 blocks from the Federal Way Transit Center which is undergoing a 7.8 mile expansion to SeaTac Airport

• Offered free & clear of debt Tax iD #: 0821049062; 0821049089; 0821049108; 0821049169

Retail for Sale

Federal Way, WA 98023

Investment Property.

Unique two ownership acquisition opportunity on well occupied neighborhood center with below market rents and substantial upside. Attractive combined Cap Rate of 8.31% effective 8-1-20 with Met Market rent thru 8-31-24 and two national tenants looking to back-fill the empty Met building. Tax iD #: 1898800010; 1898800020

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