Puyallup, WA Retail Property For Sale

Springtime Greenhouse is available for sale. This is a complete package business, equipment, and real estate. 1300 Sq Ft 3 bedroom/ 1 bath home. Garage- Retail Sales Building 360 Sq Ft. Various Greenhouse buildings. Signage on SR 162 between Sumner and Orting.

Marcus & Millichap’s Brown Retail Group has been exclusively selected to market for sale Canyon Plaza located in the affluent Seattle/Tacoma, WA MSA. The Property is currently occupied with a diverse tenant mix including Verizon Wireless and Windermere Real Estate. All of the tenants at the Property currently operate on NNN leases allowing for reimbursement of nearly all expenses and providing a hedge against rising operating expenses. In 2027, the future owner will have the opportunity to increase Crown Castle GT Company's easement to market rents, which is estimated to increase NOI by at least $35,000/year. Four of the five leases feature annual rent increases during the initial lease terms. The Property features a total of five tenants and one leased easement with varying lease expiration dates, ensuring long-term occupancy levels. Suite 10923 is currently available for lease, and the Seller will guarantee the rent in that suite for two years from close of escrow. The Property was renovated in 2005 and features high-quality finishes. The Property benefits from a population of over 238,000 residents within a 5-mile radius, with average household incomes exceeding $93,000. Within a 1-mile radius, the population has grown over 34% since 2010 and is projected to increase by another 4.9% in the next 5 years. Spanaway/Puyallup, WA submarket rents have increased a cumulative 17.8% over the past three years, per CoStar. With a vacancy rate of 3.3% and zero square feet of new retail space currently under construction, the development lull creates a high barrier to entry and demand for space remains high.

63,720 SF of commercially zoned land. Fully operational 5,084 SF House of Kee Restaurant. 93' of Meridian Ave E frontage. Parcel Numbers 0419223010, 0419223001. 0.4 miles north of Sunrise Village. Urban Village Mixed-Use Zoning (UVX) - allows for up to 70-feet of retail, office, residential with 60 residential units per acre with zero lot line setbacks.

Property Summary:

We are pleased to present a premier investment opportunity in the greater Puget Sound region, featuring a newly developed, free-standing single tenant property that offers both rarity and high credit quality. This asset, leased to Amazon, one of the strongest companies in the world, for the initial lease term with ‘A+’ credit, stands out as an attractive investment due to its numerous advantageous features.

This unique investment opportunity marries the stability of a long-term lease with a premier tenant and the compelling growth prospects of its strategic location. Offering low maintenance, flexibility, and strong growth potential, it stands as a prime acquisition for investors looking for high-quality, secure, and growth-oriented real estate assets.

Property Highlights:

Free-Standing Single Tenant Offering

An exceptional chance to invest in a high-credit, new, single tenant asset in a highly sought-after location.

Brand New Development

The property prides itself on first-class building quality and interior build-out, providing low maintenance costs, a 20-year roof warranty, and stellar curb appeal.

New Long-Term Lease

With a lease expiration date set for 9/30/2033, investors are guaranteed over 9 years of stable rental income.

Amazon

Amazon is the largest E-Commerce company in the world with over 1.5M employees and $575B in net sales revenue in 2023.

Superior Location

Positioned on Meridian Ave, with traffic counts in excess of 50,000, and directly opposite the Target anchored Sunrise Village Shopping Center, the Offering will benefit from continuous consumer and tenant.

Contracted Rental Increases

Built into the lease are 10% rental increases every 5 years, enhancing the initial cap rate by 50 basis points in 2028.

Long-Term Flexibility

Though presently a single tenant building, it is designed to accommodate up to three tenants if needed, providing future strategic leasing opportunities.

High-Growth Trade Area

The site is embedded within a dynamic and high-growth trade area. Within a 3-mile radius of the site, there are nearly 100,000 people and average household income exceeds $125,000.

Here is your chance to buy the perfect Daycare Center property. Licensed for 157 children ages 1 month to 12 years. Multiple commercial buildings with the perfect layout for optimal performance, and additional playground on the .9-acre grounds. Call listing agent for further details. ***Do NOT Disturb the business. This is an owner/user business tenant, but they are an active/operating business, and you cannot drop by or expect an on-site tour.

Business Opportunity, Current use as Muscle Maker Grill, your opportunity to assume current lease and open new concept or purchase franchise. Move in ready with all necessary equipment for restaurant including Type 1 Hood and walk-ins.

Franchise includes FB & IG pages...FB has a 4.4 rating with 5,900 followers, IG has 4,400 followers, Google rating 4.7 and Yelp 4.8

Prime Strip Retail building located on major intersection in Puyallup on 128th Ave and Meridian, 4 tenant spaces, one with long term lease with Greg’s Japanese Auto approximately 8 years remaining, potential owner user space, lots of parking, large, fenced yard.