2311-2337 SW 336th St
Federal Way, WA 98023
Twin Lake Shopping Center · Retail Property For Sale

MARCUS & MILLICHAP’S THE GARSKE GROUP HAS BEEN EXCLUSIVELY
CHOSEN TO MARKET TWIN LAKES SHOPPING CENTER, a strategically
positioned at 2311 SW 336th Street in Federal Way, Washington, represents a wellestablished neighborhood retail destination spanning 19,361 square feet across
a 2.18-acre lot with 10 individual suites. Built in 1979, this shopping center has
maintained its relevance through ongoing infrastructure improvements, most notably
the replacement of its main sewer line in 2023, ensuring modern utility standards
for current and future tenants. The property benefits from exceptional traffic exposure,
with SW 336th Street generating over 22,000 vehicles per day and the adjacent 21st
Avenue SW carrying more than 16,000 vehicles per day, providing substantial visibility
and accessibility for retail operations.
The shopping center operates as a shadow-anchored retail hub, benefiting from the
proximity of a Rite Aid pharmacy that draws consistent foot traffic to the immediate
area. Its strategic location places it among several strong national retailers including
Taco Bell, CVS, Subway, and KFC, creating a synergistic retail environment that
attracts diverse customer demographics. The property’s value-add potential is further
enhanced by its position within a densely populated residential corridor, surrounded
by multiple apartment complexes with up to 518 units, including developments like
Stonehaven at West Campus Apartments. With ten established tenants, including
recognizable brands like Domino’s Pizza, the shopping center maintains full occupancy
while offering opportunities for rent optimization and tenant mix enhancement given its
prime location and substantial daily traffic counts.