Surprise Lake Square

Newmark is pleased to announce the sale of Surprise Lake Square, a premier grocery-anchored shopping center located within the Seattle MSA, serving the fully captive Milton trade area. Anchored by Grocery Outlet and Dollar Tree —alongside a top-performing Safeway (NAP)—the Center has a 6.1-year WALT and benefits from below-market rents, strong anchor sales, and five high-quality free-standing pads. As the only grocery-anchored center within a four-mile radius, Surprise Lake Square draws 2.7 million annual visits and serves an affluent population with average household incomes of $150K within one mile, in a high-barrier market just 27 miles from Seattle and Bellevue.