2000 S 314Th St Federal Way, WA 98003
For Lease
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Hillside Plaza Shopping Center, located at 2000 S 314th St, Federal Way, WA 98003, presents a compelling retail investment opportunity in King County. This single-story, 113,925 square foot strip center boasts a prime location, just blocks from I-5, Highway 99, the Federal Way Transit Center, and the Commons, ensuring high visibility and accessibility. Currently, there are 24,026 square feet of vacant space available, divisible into units ranging from 4,865 square feet minimum to a maximum contiguous space of 10,205 square feet. The property features a strong existing tenant mix including Gene Juarez, Cortiva Institute, CSL Plasma, and various nail and beauty salons. The building is comprised of one building with a total of 113,925 square feet. Utilities such as water, sewer, electricity, and trash are not included in the net-net-net (NNN) lease terms. This well-positioned center offers significant potential for growth and income generation, making it an attractive investment for discerning buyers seeking a strong retail presence in a thriving community. The property's convenient location and established tenant base provide a solid foundation for future success. Five spaces are currently available for lease.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CC-F · Federal Way, WAFederal Way. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.