2311 SW 336TH ST Federal Way WA 98023-3823

NAI Puget Sound Properties is pleased to offer for sale the Twin Lakes Shopping Center, a 19,600 square foot multi-tenant retail center in Federal Way, Washington.

Twin Lakes Shopping Center is a Safeway shadow-anchored center situated on 2.18 acres of land zoned RM2400. The property is ideally located on the signalized corner of SW 336th St and 21st Ave SW, with average traffic counts of 37,000 vehicles per day.

The center benefits from substantial residential development in the area and convenient accessibility. There is ample on-site parking with approximately 210 striped parking spaces. The property is also adjacent a vibrant mix of national retailers such as Safeway, Rite-Aid, Fred-Meyer, Autozone, Jack in the Box, Dairy Queen and many more.

The property is currently 90% occupied with a mix of local service-based tenants on NNN leases. Many tenants have been operating at the site since the early 2000’s, offering an investor a stable, seasoned tenant mix.

Built in 1979, the building is in excellent condition. The owners have had preventive roof maintenance contracted every year. The property has been well-maintained and shows the pride of ownership. In addition, the owners obtained an NFA letter for the site from the Department of Ecology in 2016.

Twin Lakes Shopping Center offers an investor the opportunity to acquire a retail center in a phenomenal location that generates a high as-is return and stable occupancy.