Federal Way, WA
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    Federal Way, WA NNN Properties for Sale

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    Auburn, WA Kent, WA Des Moines, WA
    Walgreens NNN Investment Opportunity
    $4,285,000
    14,238 SF
    Walgreens NNN Investment Opportunity

    28817 Military Rd S, Federal Way, WA 98003

    NNN Walgreens in Federal Way with strong traffic and demographics.
    • 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.
    Updated: Feb 18
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    New Drive-Thru Investment Opportunity
    $1,300,000
    450 SF
    New Drive-Thru Investment Opportunity

    803 S 348th St, Federal Way, WA 98003

    New single-tenant drive-thru leased to Bigfoot Java.
    • New construction (2024) single‑tenant drive‑thru property.
    • 15‑year corporate NNN ground lease with Bigfoot Java (commenced December 1, 2024).
    • Passive investment with no landlord management responsibilities.
    • Established regional brand tenant with 41 locations.
    • 10% rental escalations every five years.
    Updated: Feb 10
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 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.

    New Retail Center For Sale
    $9,579,800
    New Retail Center For Sale

    New multi-tenant shopping center in rapidly growing Bonney Lake, WA.

    20502 98th St E, Bonney Lake, WA 98391

    View details
    Tacoma Retail Property For Sale
    $9,000,000
    Tacoma Retail Property For Sale

    Multi-tenant retail property in Tacoma's West End, 100% occupied.

    4916 Center Street, Tacoma, WA 98409

    View details
    Tacoma Retail Property For Sale
    $9,000,000
    1.89 Acres
    Tacoma Retail Property For Sale

    Multi-tenant retail property in Tacoma's West End, fully occupied.

    4916 Center Street, Tacoma, WA 98409

    View details
    Bonney Lake NNN Ground Lease
    $3,350,000
    2,313 SF
    Bonney Lake NNN Ground Lease

    Corporate leased Chipotle in Mountain View Marketplace, Bonney Lake.

    20416 98th St E, Bonney Lake, WA 98391

    View details

    Federal Way, WA Nnn Properties Market Trends and Statistics

    Explore 2 nnn properties for sale in Federal Way, WA on our real estate platform. These investment opportunities span a total of 14,688 square feet of properties for sale, with an estimated market value of $5,585,000.

    Sale prices for triple net lease properties in Federal Way, WA start at $1,300,000, averaging $2,792,500, and reaching up to $4,285,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Federal Way submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    98003 $2.8M

    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 100,000+ square foot range.

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