0 132Nd St, South Hill, WA 98373
This exceptional retail opportunity is located within the vibrant Meridian Town Center in Puyallup, Washington, specifically at the intersection of Meridian Ave E and 132nd St E, zip code 98373. Situated in Pierce County, this center enjoys a prime location in a high-traffic area, just 30 miles south of Seattle. The property offers a total of 77,828 square feet of retail space, with a current vacancy of 2,176 square feet. Individual spaces range from a minimum of 1,000 square feet to a maximum contiguous space of 1,176 square feet, making it ideal for a variety of retail businesses. The center boasts a strong tenant mix, including a Safeway (shadow anchor) and JoAnn Fabrics, indicating a healthy and established retail environment with high-performing tenants and low overall vacancy. This location provides excellent visibility and accessibility for customers, making it an attractive option for businesses seeking a thriving retail presence in a well-established shopping center. The property is conveniently located in Puyallup, the second largest city in Eastern Pierce County, ensuring a large potential customer base. This is a rare opportunity to secure retail space in a successful, established center with strong anchors and high foot traffic.
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
Similar Nearby for Lease
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.