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28810 Military Rd S
Federal Way, WA 98003
Asking Price
$7.72M
Cap Rate
5.5%
Asset Type
Grocery Store Retail
Class
Class B
What's Special
Single-Tenant NNN Safeway | 11 Years Remaining | Seattle, WA Area <p><strong>Long-Term Lease Term Through 2037 - </strong>The Safeway lease extends through 2037, delivering over a decade of secure, predictable cash flow from a market-leading grocery operator, with a contractual 7.5% rent bump in 2027 providing near-term NOI growth.</p><p><strong>Exceptional Store Sales Performance Driving Asset Strength -</strong> Safeway is achieving outstanding in-store sales of approximately $738 PSF with a remarkably low 2.23% rent-to-sales ratio, significantly outperformi
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NOI
$80,000
Cap Rate
1.04%
DSCR
0.17
Underwater
Cash-on-Cash
-16.34%
Monthly Payment
$38,194.348
Annual Cash Flow
$-378,332.174
