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Federal Way, WA Drug Stores for Sale

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Walgreens NNN Investment Opportunity
Updated: Feb 18
Walgreens NNN Investment Opportunity

28817 Military Rd S, Federal Way, WA 98003

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14,238 sqft
Absolute NNN lease with 5+ years remaining, corporately guaranteed by Walgreens Boots Alliance, Inc.
Located in a high‑traffic area (33,000+ vehicles per day) at a signalized intersection with excellent visibility and access.
Shadow‑anchored by a top 10% ranked Safeway and adjacent to Valley Harvest International Market, driving strong traffic.
Walgreens has occupied the location since 2004 (21+ years).
Robust demographics with 230,000 residents within five miles and average household incomes exceeding $100,000.**
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Federal Way, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Highest-Producing CVS Pharmacy in Washington
Highest-Producing CVS Pharmacy in Washington

Puyallup, WA 98375

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17,272 sqft

Top-performing CVS Pharmacy with high sales volume and strategic location.

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Former Drug Store Opportunity
Former Drug Store Opportunity

3018 NE 125th St, Seattle, WA 98125

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29,691 sqft

Former Bartell Drug store available for sale.

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Former Rite Aid in Puyallup
Former Rite Aid in Puyallup

11220 Canyon Rd E, Puyallup, WA 98446

$5,500,000
16,750 sqft

Former Rite Aid on a hard corner with high traffic.

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Retail Center with Former Drug Space
Retail Center with Former Drug Space

12513 Lake City Way NE, Seattle, WA 98125

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Lake City Square is a retail center at the intersection of two major arterials, with a former Bartell Drug space.

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Federal Way, WA Drug Stores Market Trends and Statistics

Explore 1 drug stores for sale in Federal Way, WA on our real estate platform. These investment opportunities span a total of 14,238 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Storefront properties 12
Shopping centers 6
Automotive properties 4
Auto shops 3
Grocery and convenience stores 3

Demographics Overview

Population 138K
Population Growth (5Y) +4.6%
Median Household Income $91,533
College Educated 23.6%

Taxes & Financing

Tax Rate (average for all types) 1.01%
Property Tax per SF $9.26 per SF
Tax Rate vs County Average 0.17 pp above county avg
Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Federal Way fall within the 25,000 to 50,000 square foot range.

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