Walgreens NNN Property For Sale — Federal Way, WA
28817 Military Rd S, Federal Way, WA 98003
This offering presents an exceptional opportunity to acquire a Walgreens property with over 5 years remaining on an absolute NNN lease. The lease is corporately guaranteed by Walgreens Boots Alliance, Inc., providing a secure income stream. Positioned in a strategic location, the property benefits from a lack of pharmacy competition within a two-mile radius and is shadow-anchored by a high-performing Safeway grocery store and Valley Harvest International Market, which drive significant consumer traffic. The site is located at a signalized intersection with high visibility and daily traffic counts exceeding 33,000 vehicles. The surrounding demographics are strong, with a large population base and attractive average household incomes. An attractive 13% rent increase is scheduled for 2031, e…
- Address: 28817 Military Rd S, Federal Way, WA 98003
- Asking price $4.29M
- 8.75% cap rate
- NOI $374,938
- 5.3 years remaining
- NNN lease
Asset type: Drug Store