Puyallup Retail Investment
For Sale
$2,250,000
10120 128th Street E, Puyallup, WA 98373
Single tenant retail property with long-term tenant in Puyallup.
Property Size5,375 SF
Price / SF$418.60
Days on Market268
Property Features for 10120 128th Street E
General Information
Standard status
Active
Size
5,375 SF
Property subtype
Retail
Building Details
Building Size
5,375 SF
Year Built
1984
Listing Agency:
NAI Puget Sound Properties
(425) 586-5613
Listed By:
Dean Altaras
Source:
Naiglobal
Added: Nov 22, 2025
Changed: Aug 8
Last Checked: Aug 17 at 4:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Puget Sound Properties
Investment Insights
Based on property information with market context.
This 5,375 square foot single-tenant retail property is located in Puyallup, offering a vibrant community for investors. The property is situated on a 33,401 square foot lot. The location benefits from high visibility and substantial pylon signage, with 44,000 vehicles per day on SR 161 / Meridian E. It features full access to 128th Street E and Meridian E at a signalized intersection. The property includes 21 parking stalls plus one designated handicap stall. A graveled storage yard is located on the south side of the property. The area is a strong retail trade area surrounded by national and regional tenants. A recent 5-year lease extension illustrates the tenant’s long-term commitment to this location. The property features a recent 2023 roof replacement. Nearby attractions include the Washington State Fairgrounds and the historic district. As of January 1, 2026, the CAP Rate is projected to be 6.4%.
Key Highlights
- Established, long‑term tenant with recent 5‑year lease extension, illustrating commitment.
- High visibility location with substantial pylon signage and 44,000 vehicles per day (VPD) on SR 161/Meridian E.
- Prime retail location in thriving Puyallup with strong retail trade area surrounded by national and regional tenants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98373, WA
28,165
Population
11,113
Households
2.5
Avg Household Size
35
Median Age
26%
College-Educated
94%
High-School Grad
9.4 sq mi
ZIP Area
2,996
Density / Sq Mi
$102,791
Median Household Income
$51,865
Median Earnings
$1,823
Median Rent
$517,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- The Silk Lady — 11018 119th St E, Puyallup, WA 98374
Frequently Asked Questions
What type of property is this?
Storefront property - Single tenant retail property with long-term tenant in Puyallup.
Where is this storefront property located?
The property is located at 10120 128th Street E Puyallup, WA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Established, long‑term tenant with recent 5‑year lease extension, illustrating commitment.; High visibility location with substantial pylon signage and **44,000 vehicles per day (VPD)** on SR 161/Meridian E.; Prime retail location in thriving Puyallup with strong retail trade area surrounded by national and regional tenants.
