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Meridian Retail Center
Puyallup, WA South Hill

$7,520,000 USD

General Retail For Sale  •  12,886 SF

3 Properties View all

Property Details

• Property Type General Retail
• Cap Rate 5.75 %

0 Transit Score

62 Walk Score

Highlights

Located at the entrance to a high performing Fred Meyer Grocer on the South Hill in Puyallup, one of the areas premium commercial corridors

According to Placer.Ai, the Fred Meyer anchor ranks in the 97% percentile of all grocery stores in WA State and averages 1.8M visitors a year.

6 out of the 8 current tenants have occupied the center for over 10+ years.

All tenant s operate on NNN leases providing full operating expense reimbursement and minimal landlord responsibilities.

Property Flyers

Meridian Retail Center OM

Cap Rate:

5.75 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Puyallup Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	15 min	-	7.2 mi
Puyallup Station (Seattle - Tacoma/Lakewood - Sound Transit)	15 min	-	7.2 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	50 min	-	29.8 mi