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Surprise Lake Square 900 Meridian Ave E 24,004 SF of Retail Space Available in Milton, WA 98354
HIGHLIGHTS
- 132,600-square-foot shopping center shadow-anchored by Safeway with junior anchor, Grocery Outlet.
- Population exceeds 55,500 in a three-mile radius with an average household income greater than $123,100.
- National tenants include Dollar Tree, MOD Pizza, Anytime Fitness, Papa Murphy's Pizza, The UPS Store, Great Clips, and T-Mobile.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 23 | 24,004 SF | Negotiable | $27.92 CAD/SF/YR $2.33 CAD/SF/MO $670,153 CAD/YR $55,846 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 23
Retail space available.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Anchored by Safeway.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT SURPRISE LAKE SQUARE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Anytime Fitness
- Fitness
- 3,103
- International
- Dollar Tree
- Dollar/Variety/Thrift
- 10,426
- International
- Grocery Outlet
- Supermarket
- 686
- National
- Milton-Edgewood Eye Clinic
- Optical
- 1
- Local
- Pet Pros
- Pet Shop/Supplies
- 19
- Local
- Pierce County Library Systems
- Books
- 2
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Anytime Fitness | Fitness | 3,103 | International |
| Dollar Tree | Dollar/Variety/Thrift | 10,426 | International |
| Grocery Outlet | Supermarket | 686 | National |
| Milton-Edgewood Eye Clinic | Optical | 1 | Local |
| Pet Pros | Pet Shop/Supplies | 19 | Local |
| Pierce County Library Systems | Books | 2 | Local |
PROPERTY FACTS
| Total Space Available | 24,004 SF | Total Land Area | 8.94 AC |
| Property Type | Retail | Year Built/Renovated | 1984/2007 |
| Gross Leasable Area | 99,698 SF | Cross Streets | Milton Way |
| Total Space Available | 24,004 SF |
| Property Type | Retail |
| Gross Leasable Area | 99,698 SF |
| Total Land Area | 8.94 AC |
| Year Built/Renovated | 1984/2007 |
| Cross Streets | Milton Way |
ABOUT THE PROPERTY
Surprise Lake Square, located at 900 Meridian Avenue East in Milton, WA, is a vibrant retail destination anchored by Safeway and Grocery Outlet. The center features a dynamic mix of national and regional tenants, offering convenience and variety for shoppers. Ideally situated near major employers and institutions—including Milton School District, Kaiser Permanente, Boeing’s Puyallup Division, and Joint Base Lewis-McChord—Surprise Lake Square is a prime location for businesses looking to grow. Retail space is currently available—come explore the opportunities!
- Security System
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
Surprise Lake Square | 900 Meridian Ave E
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