Drive-Through Restaurant
For Sale
Contact for pricing
34404 16th Ave S, Federal Way, WA 98003
Restaurant property with drive-through service, substantial on-site parking, and an existing Arby’s tenancy.
Property Size3,059 SF
Lot Size0.68 Acres
Days on Market141
Property Features for 34404 16th Ave S
General Information
Standard status
Active
Size
3,059 SF
Total Parking Spaces
38
Lot size
0.68 Acres
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Traffic Count
31,052 vehicles/day
Additional Details
Cap Rate
10.42%
Building Details
Year Built
2007
Buildings
1
Listing Agency:
Kidder Mathews Bellevue
(425) 450-1117
Listed By:
Ryan Jones · License #111566
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 11:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews Bellevue
Investment Insights
Based on property information with market context.
The property at 34404 16th Ave S in Federal Way comprises a 3,059-square-foot restaurant building constructed in 2007. A drive-through component and 38 parking stalls support customer access and daily operations. The improvements occupy a 29,790-square-foot lot.
An existing Arby’s tenancy extends through 2027. The tenant has indicated that it does not plan to renew at this location and is willing to consider an earlier departure, creating flexibility around future occupancy. The property records 31,052 combined VPD in surrounding traffic counts.
The offering is identified with a 10.42% cap rate and includes a virtual tour referenced in the marketing materials. Tenant contact should be coordinated in advance.
An existing Arby’s tenancy extends through 2027. The tenant has indicated that it does not plan to renew at this location and is willing to consider an earlier departure, creating flexibility around future occupancy. The property records 31,052 combined VPD in surrounding traffic counts.
The offering is identified with a 10.42% cap rate and includes a virtual tour referenced in the marketing materials. Tenant contact should be coordinated in advance.
Key Highlights
- 3,059 SF restaurant building constructed in 2007
- Drive‑through restaurant configuration
- 29,790 SF lot with 38 parking stalls
Property Analytics
Property Profile
Current Use
Lease Details
31,052 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,820
Businesses Nearby
452k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Superstores 30%
Shops & Services 16%
Apparel 3%
Walmart
Superstores
137,461 visits/mo
0.2 miles
McDonald's
Dining
45,843 visits/mo
0.4 miles
Olive Garden
Dining
29,290 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
29,053 visits/mo
0.4 miles
Wendy's
Dining
22,181 visits/mo
0.1 miles
Demographics for 98003, WA
51,751
Population
20,380
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
4,500
Density / Sq Mi
$70,800
Median Household Income
$39,497
Median Earnings
$1,650
Median Rent
$428,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant property with drive-through service, substantial on-site parking, and an existing Arby’s tenancy.
Where is this drive through restaurant located?
The property is located at 34404 16th Ave S Federal Way, WA.
What are key features of this property?
This property features: 3,059 SF restaurant building constructed in 2007; Drive‑through restaurant configuration; 29,790 SF lot with 38 parking stalls
