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12811 Meridian E 16,800 SF Retail Building Puyallup, WA 98373 $6,000,000 ($357.14/SF) 9.24% Cap Rate
INVESTMENT HIGHLIGHTS
- VALUE-ADD OR RE-TENANTING POTENTIAL 16,800 SF FORMER RITE AID OFFERING AN IDEAL VALUE-ADD OPPORTUNITY THROUGH STRATEGIC LEASING, REDEVELOPMENT
- PRIME RETAIL CORRIDOR LOCATION THE PROPERTY OFFERS GREAT VISIBILITY AND IS SURROUNDED BY MAJOR NATIONAL RETAILERS
- ESTABLISHED RESIDENTIAL COMMUNITY THE PROPERTY SITS WITHIN A MATURE RESIDENTIAL AREA WITH THOUSANDS OF HOMES NEARBY
- STRATEGIC CORNER WITH STRONG DAILY TRAFFIC THIS PROPERTY IS LOCATED ON HEAVILY TRAFFICED MERIDIAN E ARTERIAL AT A HIGHLY VISIBLE, SIGNALIZED CORNER
- OUTSTANDING DEMOGRAPHICS 188,011 PEOPLE WITHIN 5-MILE RADIUS WITH A $116,968 IN AHHI
- DRIVE-THRU PROPERTY IS EQUIPPED WITH A DOUBLE DRIVE-THRU
EXECUTIVE SUMMARY
Located in the thriving South Hill corridor of Puyallup, 12811 Meridian E is an exceptional opportunity for businesses seeking high visibility, intense traffic exposure, and excellent local market access.
Meridian Avenue is a key commercial spine in the Puyallup area, connecting South Hill with major hubs and facilitating high volumes of traffic. Businesses along this corridor benefit from the cumulative draw of neighboring retail clusters, service providers, and consumer foot traffic.
Meridian Avenue is a key commercial spine in the Puyallup area, connecting South Hill with major hubs and facilitating high volumes of traffic. Businesses along this corridor benefit from the cumulative draw of neighboring retail clusters, service providers, and consumer foot traffic.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
16,800 SF
Building Class
B
Year Built
1999
Price
$6,000,000
Price Per SF
$357.14
Cap Rate
9.24%
NOI
$554,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.85 AC
Zoning
UV
Parking
72 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
484’ on Meridian E
AMENITIES
- Bus Line
- Signage
- Drive Thru
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 16,800 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 16,800 SF | Retail | - | Now |
1st Floor
| Size |
| 16,800 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 041915-6049 | Improvements Assessment | $1,851,100 |
| Land Assessment | $2,897,500 | Total Assessment | $4,748,600 |
PROPERTY TAXES
Parcel Number
041915-6049
Land Assessment
$2,897,500
Improvements Assessment
$1,851,100
Total Assessment
$4,748,600
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12811 Meridian E
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