Mega Foods
Retail | 7.46% CAP | 55,150 SqFt
Investment highlights
Grocery Tenant with Thirty Years of Consistent Performance: Mega Foods has operated at this location since 1992 and continues to draw steady repeat visits from nearby residents. The tenant has built strong neighborhood loyalty and remains one of the longest running grocery operators within the Lancaster Drive corridor due to its accessible pricing. Last year, the location generated 476,000 annual visits, 84,400 unique visitors, and 17.7% Yo3Y visit growth, underscoring durable traffic and sustained consumer demand, per Placer.ai (2025).
Complementary Grocery Positioning Adjacent to Walmart: Placer.ai data confirms Mega Foods functions as a high-frequency, neighborhood grocery serving routine and fill-in shopping trips rather than destination retail. The store records approximately 476,000 annual visits with an average dwell time of under 20 minutes and repeat visitation. Visitor journey data shows meaningful cross-shopping with the adjacent Walmart, reinforcing complementary—not competitive—retail behavior. This pattern has supported stable operations at the site for over three decades.
Large ±5.35 Acre Parcel with Low Land and Building Basis: Parcels of this size along the Lancaster Drive corridor are uncommon. The 55,150 SF building offers a very low price PSF basis compared to newer single-tenant grocery assets in
the PNW, with new construction costs for comparable grocery product exceeding $600 PSF. On the land basis, the offering equates to roughly $36 PSF, which is attractive for the corridor.
Grocery Use with Strong Resistance to E-Commerce Pressure: Grocery customers maintain consistent in person visitation tied to weekly purchases of perishables and household staples. The three-mile trade area is projected to reach 120,614 residents by 2030.
Highly Accessible Location with Strong Surrounding Traffic Drivers:
The site benefits from excellent visibility along Fisher Road NE and sits on the Lancaster Drive corridor, a major retail spine supported by more than one million square feet of national retailers. The property is next to Interstate 5 and offers multiple
access points that capture daily commuter activity.
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