Campeon Market (Status: Available)
31009, Pacific Hwy, Federal Way, WA 98003
• The offering provides the rare opportunity to acquire a fee interest with a 99-yr absolute net ground lease that includes 1.5% annual increases & a CPI adjustment every 25 yrs
• The premise is currently leased to Campeon Market by H-Mart on a 15-yr base term & has over 32 yrs remaining. Lease includes 7.5% increases every 3 yrs throughout the initial term & 5% increases every 5 yrs during the option periods.
• Site is 5.23ac & under current zoning provides strong redev potential
• Located on one of the strongest retail corridors in the Puget Sound with multiple National Credit tenants nearby including a strong performing H-Mart across the street
• 3 blocks from the Federal Way Transit Center which is undergoing a 7.8 mile expansion to SeaTac Airport
• Offered free & clear of debt
Asset Class: Retail
Year Built: 2002
Building Total Square Feet: 52571
Available Lease Space Square Feet:
Number of Floors: 1
Total Parking Spaces: 243
Local Zoning Information: BC
Listing Courtesy of: Newmark
Disclaimer: The information contained in this listing has not been verified by North Sound Commercial, a division of Pacific Continental Realty, LLC and should be verified by the buyer, seller, or tenant.
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