33520 21st Ave SW - Drug Store FOR SALE


Federal Way, WA 98023
$8,735,910 USD
206-324-1400
33520 21st Ave SW, Federal Way, WA for Sale
$8,735,910 USD
Drug Store - FOR SALE
1/8
null | Request Cap Rate

33520 21st Ave SW
Federal Way, WA 98023


OVERVIEW

Thomas Company is pleased to offer for sale a Zero Cash Flow CVS store located in Federal Way, WA. This Fee Simple property totals 12,900 square feet of retail space with 20.5 years of term remaining. This property is offered with a zero cash flow structure and paydown re-advance available, with an absolute triple-net lease and no landlord responsibilities. • Zero Cash Flow Structure with Paydown/Re-advance • Single Tenant Absolute Triple Net Lease (No Landlord Responsibilities) • 20.5 Years Remaining with 10 x 5-Year Renewal Options • Low Equity Requirement with Fully Amortizing Loan • Investment Grade Guarantor (NYSE: CVS, S&P: BBB)

FOR SALE DETAILS

PRICE

$8,735,910 USD

PRICE/SF

$677 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

BN

APN/PARCEL ID

132103-9098

ASK ABOUT THIS PROPERTY

Grant MorfordThomas CompanyMore Info
206-324-1400

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Grant MorfordThomas CompanyMore Info
206-324-1400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.