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10120 128th Street Ct E
Puyallup, WA 98373
128th & Meridian · Retail Property For Sale
EXECUTIVE SUMMARY
5,375 SF building
33,401 SF lot
Recent 2023 Roof Replacement
High Visibility Location with Substantial Pylon Signage
44,000 VPD on SR 161 / Meridian E
Full Access to 128th ST CT E and Meridian E at Signalized Intersection
21 parking stalls plus one designated handicap stall
Graveled storage yard on the south side of the property
Strong Retail Trade Area Surrounded by National and Regional Tenants
Recent 5-Year Lease Extension Illustrates Tenant’s Long-Term Commitment to this Location
01/01/2026 CAP Rate: 6.4%
Sale Price: $2,250,000
33,401 SF lot
Recent 2023 Roof Replacement
High Visibility Location with Substantial Pylon Signage
44,000 VPD on SR 161 / Meridian E
Full Access to 128th ST CT E and Meridian E at Signalized Intersection
21 parking stalls plus one designated handicap stall
Graveled storage yard on the south side of the property
Strong Retail Trade Area Surrounded by National and Regional Tenants
Recent 5-Year Lease Extension Illustrates Tenant’s Long-Term Commitment to this Location
01/01/2026 CAP Rate: 6.4%
Sale Price: $2,250,000
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,372 SF
Building Class
B
Year Built
1984
Price
$3,140,820 CAD
Price Per SF
$584.66 CAD
Cap Rate
6.40%
NOI
$201,012 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.77 AC
Zoning
MUD, Puyallup
Parking
15 Spaces (2.67 Spaces per 1,000 SF Leased)
Frontage
146’ on 128th Street Ct
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 041916-5014 | Improvements Assessment | $314,863 CAD |
| Land Assessment | $1,558,314 CAD | Total Assessment | $1,873,177 CAD |
PROPERTY TAXES
Parcel Number
041916-5014
Land Assessment
$1,558,314 CAD
Improvements Assessment
$314,863 CAD
Total Assessment
$1,873,177 CAD
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