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Undisclosed Olympia, WA

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For Sale
$6,380,000

100% leased retail strip center in the Pacific Northwest.

Property size:
12,606 SF
Lot size:
1.00 Acre

Property Features for Undisclosed

General Information

Size
12,606 SF
Lot size
1.00 Acre

Source: Northmarq Commercial, LLC Agent Joe Dugoni

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

New Retail Strip Center

This newly constructed retail strip center, completed in 2023, is located in the Pacific Northwest. The property is 100% leased and features a modern design incorporating sustainable building features. The tenant mix includes over 14 local and regional operators, providing a variety of food, beverage, and retail options. The lease expirations are staggered, with nearly half of the tenants' leases expiring by 2028, along with several short-term pop-up shops and food trucks. The property is part of a larger city-supported district with upcoming residential, entertainment, and commercial phases. The location is accessible, situated along a major corridor with direct interstate access and surrounded by strong regional demographics. The property has stabilized cash flow, with annual rent escalations and NNN structures in place. Sales have exceeded projections, and there is an active waitlist of tenants seeking space. The property size is 12606 square feet.
Location Intelligence

Current Use by Public Records

Strip malls

Map

City
Olympia
County
Thurston
State
Washington
Longitude
-122.9006951
Latitude
47.0378741

FAQs

What type of property is this?
Strip mall - 100% leased retail strip center in the Pacific Northwest.
Where is this strip mall located?
The property is located at Undisclosed Olympia, WA.
What is the asking price?
The asking price for this property is $6,380,000.
What are key features of this property?
This property features: - 100% Leased with Stabilized Cash Flow - Provides immediate income.; - New Construction (2023) - Offers modern design and reduced maintenance costs.; - Proven Demand - Sales exceed projections, with an active tenant waitlist.
More about this property
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