Property profile

0 132Nd St South Hill, WA 98373

OFF-MARKET
Retail properties & Spaces
77,828 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 77,828 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

132Nd St South Hill, WA 98373
South Hill metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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