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Highest-Producing CVS Pharmacy in Washington
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9502 176TH ST E, Puyallup, WA 98375

Top-performing CVS Pharmacy with high sales volume and strategic location.

Property Size17,272 SF
Price / SF$515.17
Days on Market94

Property Features for 9502 176TH ST E

General Information

Standard status Active
Size 17,272 SF
Property subtype Retail
Net Operating Income $489,398

Building Details

Year Built 2006
Stories 1
Units 1
Tenancy Single
Listing Agency: Faris Lee Investments
Listed By: Don MacLellan · License #CA #00897784
Source: Crexi
Added: May 20 Changed: Aug 8 Last Checked: Aug 21 at 6:41AM

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 Faris Lee Investments

Investment Insights

Based on property information with market context.

This property features a CVS Pharmacy situated at a signalized hard corner. The location is the highest-producing CVS pharmacy in Washington. The site has benefited from a recent influx of scripts following the closure of five regional Rite Aid locations. The high-volume store is supported by two full-time pharmacists and seven technicians, with a major remodel scheduled for August to include recently installed coolers. The property is strategically located at the signalized hard corner of 176th St and Gem Heights Rd, which sees over 24,000 vehicles per day. It sits as a high-profile outparcel to a top-performing WinCo Foods, which ranks in the top 10% of the chain with annual sales exceeding $90 million. The surrounding area features affluent and dense infill demographics, with over 175,000 residents and an average household income surpassing $140,000 within a 5-mile radius. The property offers ease of management, as WinCo oversees the CAM management. The property size is 17,272 square feet.

Key Highlights

  • Highest‑producing CVS pharmacy in Washington, indicating strong sales.
  • Investment‑grade credit tenant (CVS, S&P: BBB) provides financial stability.
  • Dominant market position due to the closure of five regional Rite Aid locations.

Property Analytics

Current Use

Jay Hansen, PharmD Pharmacy KeyMe Locksmiths Locksmith Dipty Rana Physician Michael Durkin Physician Hee Do C. ... Pharmacy

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store Building Supply HVAC Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

332
Businesses Nearby
Well-served
Demand for This Use

Demographics for 98375, WA

33,316
Population
10,761
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
93%
High-School Grad
9.7 sq mi
ZIP Area
3,435
Density / Sq Mi
$109,972
Median Household Income
$54,668
Median Earnings
$2,140
Median Rent
$471,900
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Similar Off Market Nearby

  • Jay Hansen, PharmD 9502 176th St E, Puyallup, WA 98375
  • Hee Do C. Park, RPh 9502 176th St E, Puyallup, WA 98375
  • Rite Aid Pharmacy 9502 176th St E, Puyallup, WA 98375
  • Staci Mack 9502 176th St E, Puyallup, WA 983759300
  • Fred Meyer Pharmacy 17404 Meridian E, Puyallup, WA 98375

Frequently Asked Questions

What type of property is this?
Drug store - Top-performing CVS Pharmacy with high sales volume and strategic location.
Where is this drug store located?
The property is located at 9502 176TH ST E Puyallup, WA.
What is the asking price?
The asking price for this property is $8,898,000.
What are key features of this property?
This property features: Highest‑producing CVS pharmacy in Washington, indicating strong sales.; Investment‑grade credit tenant (CVS, S&P: BBB) provides financial stability.; Dominant market position due to the closure of five regional Rite Aid locations.
More about this property
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