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CVS Zero Cash Flow 33520 21st Ave SW 12,900 sq ft Retail Property Federal Way, WA 98023 £6,576,114 (£509.78/sq ft)
INVESTMENT HIGHLIGHTS
- 19+ years remaining on absolute net lease
- Corporate guaranty from CVS Health Corporation (see below)
- Heavily trafficked intersection – 47,000+ VPD
- Zero cash flow lease structure (see Page 5)
- 2018 build-to-suit construction at signalized hard corner
- 2024 revenue totaled $372.8 billion, a 4.2% increase over the previous year
EXECUTIVE SUMMARY
A CVS Zero Cash Flow asset with 19+ years remaining in the base term of an absolute net lease. Subject property is located in Federal Way – an affluent Seattle suburb boasting average household incomes of $118,000 within a 1-mile radius.
PROPERTY FACTS Under Offer
Sale Type
Investment
Property Type
Retail
Property Subtype
Property Size
12,900 sq ft
Costar Property Class
B
Year Built
2018
Price
£6,576,114
Price per sq ft
£509.78
Tenancy
Single
Number of Floors
1
Plot ratio
0.25
Total Plot Size
1.19 ac
Use Class
BN
AMENITIES
- Bus Route
- Pylon Sign
- Signage
Walk Score®
Easily Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 132103-9098 | Improvements Assessment | £4,108,893 |
| Land Assessment | £1,086,231 | Total Assessment | £5,195,124 |
PROPERTY TAXES
Parcel Number
132103-9098
Land Assessment
£1,086,231
Improvements Assessment
£4,108,893
Total Assessment
£5,195,124
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CVS Zero Cash Flow | 33520 21st Ave SW
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