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

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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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    See hot listings in Federal Way

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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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.

    7-Eleven Gas Station
    7-Eleven Gas Station

    19011 141st Street Court East, Bonney Lake, WA 98391

    Contact for pricing
    4,872 sqft 1.18 AC lot

    New convenience and fueling facility serving the Tehaleh master-planned community in Bonney Lake.

    View details
    Fee Simple 7-Eleven Gas Station
    Fee Simple 7-Eleven Gas Station

    8306 Tacoma Mall Blvd, Lakewood, WA 98499

    Contact for pricing
    2,800 sqft

    Corporate-guaranteed 7-Eleven offers gas and convenience store service under an absolute NNN structure.

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    Bonney Lake NNN Ground Lease
    Bonney Lake NNN Ground Lease

    20416 98th St E, Bonney Lake, WA 98391

    Contact for pricing
    2,313 sqft

    Corporate leased Chipotle in Mountain View Marketplace, Bonney Lake.

    View details
    Triple-Net Leased Auto Shop
    Triple-Net Leased Auto Shop

    4001 100th St SW, Lakewood, WA 98499

    Contact for pricing

    Triple-net leased auto shop on a single parcel with one upgraded building, partial fencing, and signage at a signalized intersection.

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    Federal Way, WA Nnn Properties Market Trends and Statistics

    Explore 1 nnn properties for sale in Federal Way, WA on our real estate platform. These investment opportunities span a total of 348,480 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%

    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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