Property profile

900 Meridian Ave Milton, WA 98354

OFF-MARKET
Lifestyle centers
9,900 SF
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Property summary

AI-generated overview

Surprise Lake Square offers a prime retail opportunity in Milton, Pierce County. This established 9,900 square foot shopping center boasts a strong grocery anchor (Safeway) and national tenant (Anytime Fitness), ensuring high traffic and visibility. The center is strategically located between I-5 and State Route 167, providing excellent access to a large customer base in Milton, as well as nearby Federal Way, Puyallup, Fife, Kent, and Auburn. Currently, there are three available spaces ranging from 1,400 to 5,860 contiguous square feet, with a total of 8,951 square feet currently vacant. The property features ample parking, with a ratio of 5 spaces per 1,000 square feet. This well-established neighborhood shopping center benefits from existing residential and commercial development, offering a strong foundation for new businesses. Potential tenants will enjoy high visibility on a premier Milton corner and proximity to various amenities, including The Mill Steakhouse and other businesses within the center. The center's location offers easy access to major roadways, ensuring convenient commutes for both employees and customers. This is an exceptional opportunity to establish or expand your business in a thriving retail environment.

Property profile

Verified
Property type Lifestyle centers
Total area 9,900 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

900 Meridian Ave Milton, WA 98354
Milton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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