Campeon Market

Retail

31009 Pacific Hwy S, Federal WayWA 98003-0

Property Details

Location

Address
31009 Pacific Hwy S, Federal WayWA 98003-0
County
King
Submarket
CBA Federal Way
Parcels
0821049089
Cross Street
S 312th St

Building Size

Building Size
52,571 SF
Retail Space
52,571 SF
Rentable Space
52,571 SF

Building Details

Type
 Retail
Number of Buildings
1
Occupancy Type
Percent Occupied
Building Class
Building Status
Existing
Floors
1
Year Built
2002
Sprinklers
Yes
Primary Const.
Masonry
Uncovered Parking
243
Parking Ratio
Air Conditioned
Yes
Security System
No

Land & Utilities

Land (Acres)
5.23 Acres
Land (SF)
227,805 SF
Rail Service
No
Zoning
BC
Lot Depth
Lot Width

Contacts

Current Listings

Investment Highlights

$14,290,000
Cap Rate: 4.2%

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

• The premise is currently leased to Campeon Market by H-Mart on a 15-yr base term & has over 32 yrs remaining. Lease includes 7.5% increases every 3 yrs throughout the initial term & 5% increases every 5 yrs during the option periods.

• Site is 5.23ac & under current zoning provides strong redev 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

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

• The premise is currently leased to Campeon Market by H-Mart on a 15-yr base term & has over 32 yrs remaining. Lease includes 7.5% increases every 3 yrs throughout the initial term & 5% increases every 5 yrs during the option periods.

• Site is 5.23ac & under current zoning provides strong redev 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

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CBA

Source: Commercial Brokers Association (CBA)

More Information

©Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Catylist Real Estate Software, Inc. does not assume any liability for errors or omissions.

Commercial Exchange is a national commercial real estate marketplace powered by Catylist.