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.