Investment Overview

Twin Lakes Shopping Center, a strategically positioned at 2311 SW 336th Street in Federal Way, Washington, represents a well-established neighborhood retail destination spanning 19,361 square feet across a 2.18-acre lot with 10 individual suites. Built in 1979, this shopping center has maintained its relevance through ongoing infrastructure improvements, most notably the replacement of its main sewer line in 2023, ensuring modern utility standards for current and future tenants. The property benefits from exceptional traffic exposure, with SW 336th Street generating over 22,000 vehicles per day and the adjacent 21st Avenue SW carrying more than 16,000 vehicles per day, providing substantial visibility and accessibility for retail operations. The shopping center operates as a shadow-anchored retail hub, benefiting from the proximity of a Rite Aid pharmacy that draws consistent foot traffic to the immediate area. Its strategic location places it among several strong national retailers including Taco Bell, CVS, Subway, and KFC, creating a synergistic retail environment that attracts diverse customer demographics. The property’s value-add potential is further enhanced by its position within a densely populated residential corridor, surrounded by multiple apartment complexes with up to 518 units, including developments like Stonehaven at West Campus Apartments. With ten established tenants, including recognizable brands like Domino’s Pizza, the shopping center maintains full occupancy while offering opportunities for rent optimization and tenant mix enhancement given its prime location and substantial daily traffic counts.