Multi-Tenant Retail
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For Sale
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10312 120th St SE, Puyallup, WA 98374
Eight service-oriented tenants and one vacant suite shape the center’s retail mix.
Property SizeContact for details
Days on Market4
Property Features for 10312 120th St SE
General Information
Standard status
Active
Property subtype
RETAIL
Building Details
Tenancy
Multi
Listing Agency:
Northmarq Commercial, LLC
(206) 693-2239
Listed By:
Raymond Vara
(206) 584-6195
Source:
Moodyscre
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 4 at 1:26PM
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 Northmarq Commercial, LLC
Investment Insights
Based on property information with market context.
This multi-tenant retail center has eight local and regional service tenants represented across personal care, fitness, food, and specialty retail, plus one vacant suite. Occupied suites generate NNN income, and current rents are below market. The vacant space and below-market leases present opportunities for lease-up and rent adjustments as leases renew.
The property is in Puyallup’s South Hill/East Meridian corridor. The surrounding retail submarket has a vacancy rate near 2%, with no competing supply under construction. The Sunrise master-planned community has approximately 4,728 homes planned at build-out, with additional apartment phases contributing to residential growth. Within three miles, household spending on personal care, food away from home, and entertainment and recreation services is 12% to 16% above the national average.
The property is in Puyallup’s South Hill/East Meridian corridor. The surrounding retail submarket has a vacancy rate near 2%, with no competing supply under construction. The Sunrise master-planned community has approximately 4,728 homes planned at build-out, with additional apartment phases contributing to residential growth. Within three miles, household spending on personal care, food away from home, and entertainment and recreation services is 12% to 16% above the national average.
Key Highlights
- Eight local and regional service tenants across personal care, fitness, food, and specialty retail
- One vacant suite, alongside occupied suites with rents below market
- NNN income from occupied suites
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,113
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98374, WA
45,367
Population
16,645
Households
2.7
Avg Household Size
37
Median Age
29%
College-Educated
94%
High-School Grad
16.4 sq mi
ZIP Area
2,766
Density / Sq Mi
$108,854
Median Household Income
$56,744
Median Earnings
$1,925
Median Rent
$491,200
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Meridian Town Center — 13410 Meridian E, Puyallup, WA 98373
- South Hill Center — 4102 S Meridian, Puyallup, WA 98373
- Sunglass Hut at Macy's — 3500 S Meridian, Puyallup, WA 98373
- Willows Shopping Center — S Meridian, Puyallup, WA 98374
Frequently Asked Questions
What type of property is this?
Shopping center - Eight service-oriented tenants and one vacant suite shape the center’s retail mix.
Where is this shopping center located?
The property is located at 10312 120th St SE Puyallup, WA.
What is the asking price?
The asking price for this property is $4,195,000.
What are key features of this property?
This property features: Eight local and regional service tenants across personal care, fitness, food, and specialty retail; One vacant suite, alongside occupied suites with rents below market; NNN income from occupied suites
