900 Meridian Ave, Milton, WA 98354
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.