Applebee’s NNN Restaurant
For Sale
Contact for pricing
Pending
2500 Capital Mall Dr SW, Olympia, WA 98502
Applebee’s has operated at the site for 20 years under a recently extended NNN lease.
Property SizeContact for details
Days on Market141
Property Features for 2500 Capital Mall Dr SW
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Newmark - Seattle
(206) 518-9567
Listed By:
Billy Sleeth · License #WA 88059
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 8:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark - Seattle
Investment Insights
Based on property information with market context.
This NNN restaurant property is occupied by Applebee’s at 2500 Capital Mall Dr SW in Olympia, Washington. The restaurant has operated at the site for 20 years, and its NNN lease was recently extended for 5 years, with approximately 6 years of lease term remaining. The lease structure carries no landlord obligations as described in the offering.
The property occupies a visible pad position adjacent to Capital Mall. The shopping center attracts over 6.5 million annual visits, placing the restaurant within a substantial regional retail setting. The combination of an established restaurant operation, extended lease term, and NNN structure provides a straightforward income-oriented ownership profile.
The property occupies a visible pad position adjacent to Capital Mall. The shopping center attracts over 6.5 million annual visits, placing the restaurant within a substantial regional retail setting. The combination of an established restaurant operation, extended lease term, and NNN structure provides a straightforward income-oriented ownership profile.
Key Highlights
- Visible pad position adjacent to Capital Mall
- Applebee’s has operated at the property for 20 years
- NNN lease structure with no landlord obligations
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,785
Businesses Nearby
Explore this area
Business Placement
Demographics for 98502, WA
35,698
Population
15,550
Households
2.3
Avg Household Size
41
Median Age
52%
College-Educated
97%
High-School Grad
63.4 sq mi
ZIP Area
563
Density / Sq Mi
$87,154
Median Household Income
$46,404
Median Earnings
$1,569
Median Rent
$496,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Applebee’s has operated at the site for 20 years under a recently extended NNN lease.
Where is this nnn property located?
The property is located at 2500 Capital Mall Dr SW Olympia, WA.
What are key features of this property?
This property features: Visible pad position adjacent to Capital Mall; Applebee’s has operated at the property for 20 years; NNN lease structure with no landlord obligations
