206-518-9567
900 Meridian Ave E, Milton, WA for Sale
Supermarket - FOR SALE
1/16
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900 Meridian Ave E
Milton, WA 98354


HIGHLIGHTS

  • Dual Grocery & Drug Anchored Center
  • Below Market Rents
  • Dominant Location - 2.7M Annual Visits
  • Low Rite Aid Rent of $1.42/SF/YR
  • Shadow-Anchored by Safeway
  • Future Break-Up Value

OVERVIEW

Surprise Lake Square is a dominant, dual grocery and drug-anchored shopping center located within the Seattle MSA in the 100% captive trade area of Milton, WA. The asset is anchored by Grocery Outlet, Dollar Tree and Rite Aid as well as a top-performing Safeway who owns their own store. Although not part of the offering, the Safeway is one of the top-performing store locations in the state providing significant draw to the center. The Center benefits from $150k average household incomes (1-mile radius), below market rents, including an extremely low Rite Aid rent, strong anchor sales, five quality free-standing pads, significant Safeway draw, captive high barriers to entry and a trade area approximately 27 miles from Seattle/Bellevue.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Milton Way

LAND ACRES

12.98 AC

LAND SF

565,409 SF

ZONING

C-2, Milton

APN/PARCEL ID

042004-4126,042004-8027

ASK ABOUT THIS PROPERTY

Billy SleethNewmarkMore Info
206-518-9567

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Billy SleethNewmarkMore Info
206-518-9567

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