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Pep Boys-Federal Way

34611 16th Ave S, Federal Way, WA 98003

  • For Sale $2,100,000
  • City Federal Way
  • Neighborhood Federal Way
  • Zip Code 98003
  • Market Seattle
  • Property Type Retail
  • Property Size 7,950 Sqft
  • Lot Size 0.76 Acre
  • Property Tenancy Single Tenant
  • Year Built 1974
  • Year Renovated 1990
  • Date Updated 11 Mar, 2021
This location has been a Pep Boys service center since 2011. Pep Boys has executed a 5 year option beginning April 2021, with two more 5-year options that would allow this location to be a Pep Boys through 2036!
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Location

  • City Federal Way, WA
  • Neighborhood Federal Way
  • Zip Code 98003
  • Market Seattle

Contacts

Carlos Jara

Gig Harbor

(206) 429-5380

Highlights

  • Address: 34611 16th Ave S, Federal Way, WA 98003
  • 5 year lease (started 4/01/2021)
  • First year NOI: $101,675
  • For years 3-5, base rent increases 16.67% over years 1 and 2
  • Two more 5-yr options after current 5yr term just executed (1st option increase is 3.7%, 2nd option increase is 9.9%)
  • Corporate guarantee
  • Located in Federal Way, WA (submarket of Seattle)
  • Located on major arterial of 16th Ave S about a quarter mile from I-5
  • Traffic Count: 20,543+ vehicles per day

FREQUENTLY ASKED QUESTIONS

What is the lease rate for Pep Boys-Federal Way?

Rental asking rate at Pep Boys-Federal Way is Subject To Offer per square foot.

What is the total square footage of Pep Boys-Federal Way?

Pep Boys-Federal Way totals 7,950 square feet.

When was this property built?

Pep Boys-Federal Way was built in 1974.

Looking for more in-depth information on this property?

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Contact Listing Broker

Carlos Jara

Gig Harbor

(206) 429-5380

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