17810 Canyon RdPuyallup, WA 98446

This exceptional investment opportunity presents a 3,500 square foot, single-tenant storefront in Puyallup, Washington, leased to Sherwin-Williams. The property, built in 2024, sits on a 0.64-acre lot and boasts a 100% occupancy rate with a lease commencement date of September 20, 2024, and an expiration date of August 1, 2034. The 10-year initial lease term includes three 5-year options, with a built-in 10% rent increase every five years, beginning in year six. The current Net Operating Income (NOI) is $213,195, resulting in a 5.50% cap rate. Located at 17810 Canyon Rd E, Tacoma, WA 98446, this property benefits from its position in a high-traffic area (approximately 65,000 vehicles per day) within the Frederickson Place center, a retail gateway to a major industrial development site in the Puget Sound area. The asking price is $3,876,000, translating to $1,107.43 per square foot. Common area expenses, paid by the landlord, average approximately $150 per month. This is a rare opportunity to acquire a strong, net-leased investment with a creditworthy tenant in a high-growth market. The property is part of a larger retail center and benefits from high visibility and accessibility.