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 4.9 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. South Hill Plaza has historically operated at full occupancy. However, an interior suite (4,096 SF) recently came vacant late 2024. Today, the Property is 85% occupied. The cash flow does not account for any income from the vacant suite. The ownership has already received multiple LOIs to back-fill the vacant suite, but the seller is allowing the purchaser to dictate the outcome of the LOIs. All rental upside potential is passed to the purchaser.