Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Longston Place Shopping Center in Puyallup, Washington. The property is a 100% occupied shopping center anchored by Regal Cinemas, Buffalo Wild Wings, IHOP, and Cold Stone Creamery, with five separate tax parcels — including individual parcels for Buffalo Wild Wings and an IHOP/dentist-anchored strip — providing an investor the option to sell those parcels individually to enhance returns. Buffalo Wild Wings completed a $550,000+ remodel in October 2024, demonstrating long-term commitment to the location, and the retail strip received a brand-new roof in 2026 with a 15-year transferable warranty. The property additionally has space for two to three pad sites for build-to-suit or ground lease development in the future. Zoned TCTR (Town Center), the entire 8.85 acres allows for high-density mixed-use development, and a recent massing study demonstrates achievable density of 265 apartment units and 50,000 SF of new retail in place of the Regal Cinemas building — in addition to the existing Buffalo Wild Wings and retail strip. Located along Meridian Street (SR 161), Puyallup's main commercial corridor, with 43,000+ VPD, the property benefits from excellent visibility and regional accessibility. Within five miles, the property serves nearly 190,000 residents with average household incomes exceeding $130,000 and 25%+ population growth since 2010. Washington's lack of state income tax further enhances after-tax returns.