33520 21st Ave SW - Drug Store FOR SALE
Federal Way, WA 98023 |
$8,893,297 USD
650-678-7200
33520 21st Ave SW
Federal Way, WA 98023
HIGHLIGHTS
- 19+ years remaining on absolute net lease
- Zero cash flow lease structure (see Page 5)
- Corporate guaranty from CVS Health Corporation (see below)
- 2018 build-to-suit construction at signalized hard corner
- Heavily trafficked intersection – 47,000+ VPD
- 2024 revenue totaled $372.8 billion, a 4.2% increase over the previous year
FOR SALE DETAILS
PRICE
$8,893,297 USD
PRICE/SF
$689 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS Zero Cash Flow
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.19 AC
LAND SF
51,836 SF
ZONING
BN
APN/PARCEL ID
132103-9098
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650-678-7200
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650-678-7200
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