CVS | 33520 21st Ave SW
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CVS 33520 21st Ave SW
12,900 SF Retail Building Federal Way, WA 98023 $8,735,910 ($677/SF)
Executive Summary
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)
• 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)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
B
Year Built
2017
Price
$8,735,910
Price Per SF
$677
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.12 AC
Zoning
BN
Parking
12 Spaces (6.86 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pylon Sign
- Signage
Walk Score ®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 132103-9098 | Improvements Assessment | $3,187,900 |
| Land Assessment | $1,361,200 | Total Assessment | $4,549,100 |
PROPERTY TAXES
Parcel Number
132103-9098
Land Assessment
$1,361,200
Improvements Assessment
$3,187,900
Total Assessment
$4,549,100
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CVS | 33520 21st Ave SW
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