816-900 Meridian Ave Milton, WA 98354
Surprise Lake Square presents a unique retail opportunity in the thriving city of Milton, Washington. This grocery-anchored shopping center boasts a prime location at the intersection of 816-900 Meridian Ave E, offering exceptional visibility and accessibility. Situated between Interstate 5 and State Route 167, this bustling center benefits from high traffic counts and convenient access for shoppers from surrounding communities including Federal Way, Puyallup, Fife, Kent, and Auburn. The center is anchored by national tenants such as Safeway and Anytime Fitness, ensuring a consistent flow of customers. Currently, there is 1 square foot of retail space available for lease. The property features ample parking, with a ratio of 5 spaces per 1,000 square feet. This is an ideal opportunity for a business seeking high visibility and a strong customer base in a well-established shopping center within Pierce County, Washington, zip code 98354. The property is classified as a commercial shopping center and grocery store, offering a versatile space for a variety of retail uses. The property's location provides easy access for customers and employees alike.
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.