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Investment Highlights

  • Long-Term Lease Term Through 2037
  • Absolute Net (NNN) Lease Structure
  • Strategic Neighborhood Location
  • Exceptional Store Sales Performance Driving Asset Strength
  • High Barrier-to-Entry Infill Location with Strong Traffic Exposure
  • Strong Household Income

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
25,766 SF
Building Class
C
Year Built
1972
Price
$10,564,820 CAD
Price Per SF
$410.03 CAD
Cap Rate
5.50%
NOI
$580,990 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.21
Lot Size
2.80 AC
Zoning
BC, Federal Way
Parking
140 Spaces (5.43 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Safeway
Starbucks
BigFoot Java
The Picklr

Property Taxes

Property Taxes

Parcel Number
042104-9110
Land Assessment
$3,991,705 CAD
Improvements Assessment
$990,972 CAD
Total Assessment
$4,982,677 CAD
  • Listing ID: 40409155

  • Date on Market: 2026-05-05

  • Last Updated:

  • Address: 28810 Military Rd S, Federal Way, WA 98003

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