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Federal Way, WA NNN Properties 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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Industrial Land with Single-Tenant NNN Lease
Updated: May 7
Industrial Land with Single-Tenant NNN Lease

37504 Pacific Highway South, Federal Way, WA 98003

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348,480 sqft 8.00 AC lot
±8‑acre vacant land parcel on Pacific Hwy S in Federal Way
5‑year single‑tenant triple net lease in place
6% cap rate noted in the listing remarks
Non‑conforming commercial use per title
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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.

NNN-Leased Sherwin-Williams Retail
NNN-Leased Sherwin-Williams Retail

6111 Tacoma Mall Blvd., Tacoma, WA 98401

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Corporate Sherwin-Williams retail with an NNN lease on Tacoma Mall Blvd near Interstate 5.

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Bonney Lake NNN Ground Lease
Bonney Lake NNN Ground Lease

20416 98th St E, Bonney Lake, WA 98391

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2,313 sqft

Corporate leased Chipotle in Mountain View Marketplace, Bonney Lake.

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Established Starbucks Investment Opportunity
Established Starbucks Investment Opportunity

2008 6th Ave, Tacoma, WA 98405

$1,225,000
824 sqft

Established Starbucks location with lease in place until 2028.

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New Retail Center For Sale
New Retail Center For Sale

20502 98th St E, Bonney Lake, WA 98391

$9,579,800

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

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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 362,718 square feet of properties for sale.

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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 $3.3M

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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