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Black Angus 2400 S 320th St 10,350 SF of Retail Space Available in Federal Way, WA 98003
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Full Building | 10,350 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste Full Building
Positioned in Federal Way’s Central Business District, the site offers prominent ±275 feet of frontage along S 320th Street with excellent visibility and direct access. City Center–Core (CC-C) zoning allows a wide range of commercial uses, supported by an efficient rectangular layout that maximizes usable space. The property is approximately 0.3 miles from the Federal Way Downtown Link light-rail station, enhancing walkability and accessibility for employees and customers.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Black Angus
- Tenant
- Description
- US Locations
- Reach
- Black Angus Steakhouse
- Restaurant
- 68
- Regional
| Tenant | Description | US Locations | Reach |
| Black Angus Steakhouse | Restaurant | 68 | Regional |
Property Facts
| Total Space Available | 10,350 SF | Gross Leasable Area | 10,350 SF |
| Property Type | Retail | Year Built | 1977 |
| Property Subtype | Restaurant |
| Total Space Available | 10,350 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 10,350 SF |
| Year Built | 1977 |
About the Property
Located on South 320th Street, Federal Way’s primary commercial corridor with approximately 40,000–80,000 vehicles per day, the property offers excellent visibility, signage exposure, and immediate access to I-5 and SR 99. The approximately 10,000 square foot building is surrounded by major retail destinations and national tenants that generate strong daytime, evening, and weekend traffic, making it well suited for restaurant, food-and-beverage, and select retail or service users. The property is located near the Federal Way Downtown Link Light Rail Station, which opened in December 2025, providing convenient access for commuters, residents, and visitors and supporting continued growth in the area. A dense trade area of over 150,000 residents, combined with nearby employment and established neighborhoods, supports consistent customer demand for restaurants and various retail oriented uses along this high-visibility corridor
Nearby Major Retailers
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Black Angus | 2400 S 320th St
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