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Meridian Retail Center 3 Retail Properties Offered at $7,520,000 in Puyallup, WA
Investment Highlights
- Located at the entrance to a high performing Fred Meyer Grocer on the South Hill in Puyallup, one of the areas premium commercial corridors
- 6 out of the 8 current tenants have occupied the center for over 10+ years.
- According to Placer.Ai, the Fred Meyer anchor ranks in the 97% percentile of all grocery stores in WA State and averages 1.8M visitors a year.
- All tenant s operate on NNN leases providing full operating expense reimbursement and minimal landlord responsibilities.
Executive Summary
Kidder Mathews is pleased to present the opportunity to acquire 17526 Meridian East, a grocery-anchored
retail center strategically located at the entrance to a high-performing Fred Meyer grocer on South Hill in
Puyallup, one of the area's premier commercial corridors.
retail center strategically located at the entrance to a high-performing Fred Meyer grocer on South Hill in
Puyallup, one of the area's premier commercial corridors.
Property Facts
| Price | $7,520,000 | Number of Properties | 3 |
| Price / SF | $583.58 / SF | Individually For Sale | 0 |
| Cap Rate | 5.75% | Total Building Size | 12,886 SF |
| Sale Type | Investment | Total Land Area | 3.82 AC |
| Status | Active |
| Price | $7,520,000 |
| Price / SF | $583.58 / SF |
| Cap Rate | 5.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 12,886 SF |
| Total Land Area | 3.82 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Fred Meyer Center - Bldg C
17526 Meridian Ave E, Puyallup, WA 98375 |
Retail | 8,248 SF | 2005 | - |
|
Building B
17526 Meridian Ave E, Puyallup, WA 98375 |
Retail | 3,970 SF | 2005 | - |
|
Big Foot Java
17526 Meridian E, Puyallup, WA 98375 |
Retail | 668 SF | 2006 | - |
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Meridian Retail Center
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