Federal Way, WA Retail Property For Sale

• 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

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

Tax iD #: 1898800020

Tax iD #: 0921049248

• 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

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