South Hill Plaza (the “Property”) is located at one of the busiest intersections in Pierce County (58,000 cars/day) at the epicenter of the region’s most active retail corridor, along Meridian. Traffic is supported by the adjacent regional South Hill Mall (1.1 million SF). The properties operate symbiotically. The rent roll has been optimized with several recent lease renewals and new tenant signatures, offering an atypically long weighted average lease term (WALT) of 4.3 years. The tenants are particularly well suited to the market with a focus on medical/dental tenants and an array of daily-need retailers. None of the tenants at South Hill Plaza are retailers of hard/soft goods. The ownership recently signed a new lease for the vacant "elbow" suite in July 2025. With this new lease, the property is 100% occupied. While the initial rent for the new tenant is below-market at $11.00/sf, the rent increases dramatically in year 2 to $13.00/sf (+18%).