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    FOR LEASE
    Grocery and convenience stores

    1618 SW Dash Point Rd, Federal Way, WA 98003

    36,074 SF 0.89 ac lot Built 2004
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US90-2254496
    Property summary
    AI-generated overview

    Dash Point Village offers a unique retail opportunity in the desirable Dash Point, WA neighborhood. This strip center boasts two available spaces, totaling up to 15,432 square feet, including a mezzanine. One space measures 2,065 square feet, while the other offers 10,038 square feet. These spaces are situated adjacent to a Grocery Outlet, providing excellent synergy and high visibility. The property sits on a five-acre lot and was built in 1985. Currently, 31,823 square feet of the building is vacant. The spaces are delivered as a demised shell with all utilities stubbed to the premises. High ceilings, exceeding 18 feet in most areas, provide ample space and flexibility for various retail uses. The asking rent is $14.00 per square foot, triple net (NNN), with NNN expenses at $5.25 per square foot. Tenants benefit from exclusive use of the signage parapet. The strong trade area includes recently opened or leased businesses such as Amazon Fresh, Carbon Health, Habit Burger, Pet Supplies Plus, Sleep Number, Trader Joe's, Chick-fil-A, Red Robin, and 85C Bakery Café, indicating a thriving and desirable retail environment. This presents a compelling opportunity for businesses seeking high-traffic locations in a well-established King County community. The property is located in King County.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 2004
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 36,074 SF
    Lot 0.89 ac (38,684 SF)
    Zoning code BN
    APN 189880-0020
    UPID US90-2254496
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $5.53M
    Owner & transaction history
    Dp Market LLC · 11 yrs held
    Dp Market LLC
    since 2015
    7 recorded transactions
    2022
    2020
    2017
    2015
    $4.9M
    2010
    2010
    2009
    Zoning & alternative use
    BN · Federal Way, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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