Available
Cap Rate
6.65%
Offering Price
$25,850,000
Year Built
1995
Building Size
141,707 SF
Price Per SF
$182/SF
Type
For Sale
Status
Available
Location
Puyallup, WA

Investment Summary

Kidder Mathews is pleased to present South Hill Village, a 141,707-square-foot retail center located 30 miles south of Seattle in Puyallup, Washington.


This 100% occupied, four-tenant retail center is at a “main and main” location within the area’s dominant retail trade corridor serving over 300,000 people. It is less than a block from a major freeway with over 95,000 passing cars each day. The asset is shadow-anchored by Walmart and Home Depot and is directly across the street from a 1.1 million square foot regional mall that includes a Target, Dick’s Sports, Macy’s, JCP, DSW, and Regal Entertainment. South Hill Village is well-constructed and in great condition. This investment offers stable and passive income with minimal landlord responsibilities.


Please visit SouthHillVillage.com to execute the confidentiality agreement and access the offering memorandum.

Investment Highlights

100% LEASED, PASSIVE INVESTMENT

Four national tenants on NNN leases provide a turnkey investment. Professional management in place with no deferred maintenance. A new roof was installed in 2016/2017 and includes an assignable roof warranty.

DOMINANT RETAIL TRADE AREA

The property is situated directly across from the 1.1 million square foot South Hill Mall with Target, Macy's, DSW, JCP, and Regal. Walmart and Home Depot shadow anchor the center and nearby are Hobby Lobby, Harbor Freight, @Home, 24 Hour Fitness and more

HIGH VISIBILITY, HIGH TRAFFIC, FREEWAY ACCESSIBLE

Located on Meridian Avenue, the primary thoroughfare in the trade area, with traffic counts exceeding 46,000 cars per day. The property is only a 1/2 block from SR 512 (over 95,000 cars per day).

RENT GROWTH

Below market leases include contracted rent increases that will provide an investor near term rent growth.

TURN KEY INVESTMENT

Professional managed property with virtually zero projected deferred maintenance.

Property Summary

Offering Price
$25,850,000
CAP Rate
6.65%
Year Built
1995
Building Size
141,707 SF
Price Per SF
$182/SF
Address
120 31st Avenue SE, Puyallup, WA,

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