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10120 128Th St E Puyallup, WA 98373

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For Sale
$2,250,000

Single tenant investment property in Puyallup with long-term tenant.

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Listing Contact
Billy Poll, Ccim
Source: Nai-psp

Listing Agency: NAI PUGET SOUND PROPERTIES Listing Agent: Billy Poll, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Puyallup Single Tenant Investment Property

This single tenant investment property is located in Puyallup, a city with a population exceeding 40,000. The 5,375 square foot building sits on a 33,401 square foot lot. The property benefits from a high visibility location with substantial pylon signage and traffic volume of 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. There are 21 parking stalls, plus one designated handicap stall. A graveled storage yard is located on the south side of the property. The property is situated in 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 is near the Washington State Fairgrounds and the historic district. The roof was recently replaced in 2023. The property is for sale with a CAP Rate of 6.7%.
Location Intelligence

Current Use by Public Records

Aqua Quip (Bike/Boat/Book/etc) Store

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Puyallup
County
Pierce
State
Washington
Longitude
-122.2948924
Latitude
47.1398708

FAQs

What type of property is this?
Retail space - Single tenant investment property in Puyallup with long-term tenant.
Where is this retail space located?
The property is located at 10120 128Th St 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 in place with a recent 5-year lease extension.; - High visibility location with substantial pylon signage and 44,000 VPD on SR 161 / Meridian E.; - Attractive 6.7% CAP Rate.
More about this property
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