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    OFF-MARKET
    Lifestyle centers

    900 Meridian Ave, Milton, WA 98354

    9,900 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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