Steel Lake Plaza
29020 Military Road S Federal Way, WA 98003
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| Square Footage |
Rent (PSF) |
| 17,000 |
$22.00 |
| Highlights |
Demographic Comparison |
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-New construction retail
-17,000/sf retail space
-Onsite parking
-Busy Intersection
-easy access to I-5 |
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0.5 Mile |
1.0 Mile |
1.5 Miles |
| Population |
16,000 |
41,443 |
0 |
| Median Age |
42.5 |
43.4 |
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| Ave. HH Income |
$56,387 |
$57,326 |
$0 |
| Owner Housing |
6342% |
15581% |
% |
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| Expanded Description |
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Now Pre Leasing New center in a very under served retail area. Just off the corner south of Safeway which is rumored to be building a replacement Super Store for their tired older version. Walgreens is just a few years old
on the opposite corner. The only other retail is a totally full older run down center with local stores an light food. There is a big need for food in the area. Demographics are strong for a Bar and Grill and faster convenience foods such as sandwich shops and deli's. A sit down burger place would be great. 16,000 customers
in a one mile ring currently spends their dollars to Pacific Hwy (SR 99) for everything other than grocery or
drug.
Steel Lake Plaza is located between the 272nd and 320th ramps of I-5 therefore carry not only local traffic but commuter traffic as well. WDOT and Federal Way DOT will be widening this road to 4 lanes and a turn lane in 2010. Traffic counts could double from the current 17,000 cars daily. With 68 parking spaces and a smaller
suite footprint divisible to 1000 square feet this center can accommodate all your large and small tenant needs. Bring us an anchor tenant and pick the prime visibility corridor to Military Road. In addition to the local demographics the site sits between three High Schools (Federal Way High, Thomas Jefferson and
Truman High).
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 Click picture for enlarged view.
Contact Retail Realty Services for more information about this and other retail spaces available.
Retail Realty Services
Agent: Chad Gleason
Office: 253.656.5357
Cell: 206.380.3574
Email: chad@retailrs.com
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Broker: Joe Beynon
Office: 425.868.5449
Cell: 425.466.3018
Email: joe@retailrs.com
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