12811 Meridian E - Drug Store FOR SALE


Puyallup, WA 98373- South Hill
$6,000,000 USD
305-912-2133
12811 Meridian E, Puyallup, WA for Sale
$6,000,000 USD
Drug Store - FOR SALE
1/12
null | 9.24% Cap Rate

12811 Meridian E
Puyallup, WA 98373
South Hill


HIGHLIGHTS

  • VALUE-ADD OR RE-TENANTING POTENTIAL 16,800 SF FORMER RITE AID OFFERING AN IDEAL VALUE-ADD OPPORTUNITY THROUGH STRATEGIC LEASING, REDEVELOPMENT
  • STRATEGIC CORNER WITH STRONG DAILY TRAFFIC THIS PROPERTY IS LOCATED ON HEAVILY TRAFFICED MERIDIAN E ARTERIAL AT A HIGHLY VISIBLE, SIGNALIZED CORNER
  • PRIME RETAIL CORRIDOR LOCATION THE PROPERTY OFFERS GREAT VISIBILITY AND IS SURROUNDED BY MAJOR NATIONAL RETAILERS
  • OUTSTANDING DEMOGRAPHICS 188,011 PEOPLE WITHIN 5-MILE RADIUS WITH A $116,968 IN AHHI
  • ESTABLISHED RESIDENTIAL COMMUNITY THE PROPERTY SITS WITHIN A MATURE RESIDENTIAL AREA WITH THOUSANDS OF HOMES NEARBY
  • DRIVE-THRU PROPERTY IS EQUIPPED WITH A DOUBLE DRIVE-THRU

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

9.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

UV

APN/PARCEL ID

041915-6049

ASK ABOUT THIS PROPERTY

Niko MicinZebra CapitalMore Info
305-912-2133

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Niko MicinZebra CapitalMore Info
305-912-2133

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.