1515 S 344th St

For Sale

1515 S 344th St, Federal Way, WA 98003

This Federal Way property for sale is located at 1515 S 344th St. The current listed sale price for 1515 S 344th St is $2,450,000. 1515 S 344th St is situated on a lot that is 0.68 acre in size.

Contacts

Kyle Sterling

NAI Puget Sound Properties

Property Details

  • Property Type Retail
  • Property Size 10,240 SF
  • Lot Size 0.68 Acre
  • Date Updated Feb 23, 2026
Strategically located on the corner of 16th Ave S & S 344th St, the property benefits from strong traffic counts, excellent visibility on a large parcel and close proximity to I-5 and Highway 99.This offering consists of a single-tenant automotive service property leased to Eagle Tire & Automotive, a well-established regional operator with a long operating history in the Puget Sound market.
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Highlights

  • Building Size: 10,240 SF
  • Cap Rate: 6.20%
  • Irreplaceable Corner Location Across from a Walmart Anchored Center
  • Lot Size: 29,471 SF
  • Low Current Rental Rate of $14.82/sf, with Market Rents of ~$18/sf
  • Price: $2,450,000
  • Single-Tenant Investment Leased to Eagle Tire & Automotive
  • Tenant is a Regional Operator with Three Locations and a ~40 Year History
  • Tenants Pays All Expenses Direct – Including Taxes and Insurance
  • Three (3) Years Remaining on Lease with Two 5-Year Options at FMV
  • Triple-Net Lease with Landlord Only Responsible for Roof/Structure

Getting around

  • 55/100

    Walk Score ®

  • 38/100

    Transit Score ®

  • 40/100

    Bike Score ®

Powered by Walk Score ®

Location

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

Points of Interest

  • Capital Aeroporter Airport Shuttle

    3.96 miles

  • Old City Hall

    6.41 miles

  • S 4th

    6.43 miles

  • Tacoma Dome

    6.50 miles

  • Tacoma

    6.51 miles

  • Theater District

    6.51 miles

  • Convention Center/South 15th Street

    6.58 miles

  • Convention Center

    6.58 miles

  • Stadium District

    6.65 miles

  • Union Station/South 19th Street

    6.65 miles

  • Shell

    0.20 miles

  • Electrify America

    0.27 miles

  • Chevron

    0.27 miles

  • Costco Gasoline

    0.45 miles

  • 76

    0.76 miles

  • Arco

    0.80 miles

  • CFN

    0.81 miles

  • 7-Eleven

    0.82 miles

  • Blink

    1.45 miles

  • Tesla Supercharger

    1.51 miles

  • Truck Parking

    0.27 miles

  • South Federal Way Park & Ride

    0.51 miles

  • Sunrise United Methodist Church

    1.09 miles

  • Federal Way/S 320th St Park & Ride

    1.45 miles

  • Journey Church Park & Ride

    1.60 miles

  • Federal Way Transit Center Parking

    1.78 miles

  • St. Luke's Lutheran Church Park & Ride

    2.06 miles

  • BPA Trail Access

    2.06 miles

  • Twin Lakes Park & Ride

    2.14 miles

  • Peasley Canyon Park & Ride

    2.71 miles

  • Arby's

    0.05 miles

  • Wendy's

    0.07 miles

  • Round Table Pizza

    0.08 miles

  • Del Taco

    0.10 miles

  • Jack in the Box

    0.18 miles

  • Denny's

    0.21 miles

  • Taco Bell

    0.24 miles

  • Super Chix

    0.25 miles

  • Jamba

    0.26 miles

  • The Rock Wood Fired Pizza - Federal Way

    0.27 miles

  • Euro Food & Deli

    0.03 miles

  • Walmart Supercenter

    0.19 miles

  • Grocery Outlet

    0.93 miles

  • WinCo Foods

    1.02 miles

  • Save by the Day

    1.38 miles

  • Ross

    1.40 miles

  • Kohl's

    1.41 miles

  • The Commons At Federal Way

    1.42 miles

  • Amazon Fresh

    1.42 miles

  • Safeway

    1.44 miles

Contact Listing Broker
Kyle Sterling

NAI Puget Sound Properties

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