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Single-Tenant NNN Restaurant
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3540 Pacific Avenue SE, Olympia, WA 98501

Izzy’s Pizza has served the shopping center for 28 years at a signalized Pacific Avenue intersection.

Property SizeContact for details
Days on Market145

Property Features for 3540 Pacific Avenue SE

General Information

Standard status Active
Property subtype Retail
Listing Agency: Northmarq - Seattle
Listed By: Sean Tufts · License #WA 74057
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 6:25AM

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 Northmarq - Seattle

Investment Insights

Based on property information with market context.

This single-tenant NNN restaurant is occupied by Izzy’s Pizza, which has operated at the shopping center for 28 years. The property is positioned on a corner pad within Olympia Square North, providing a dedicated retail setting within the center.

The site fronts Pacific Avenue in Olympia’s retail corridor and sits beside an Interstate 5 access point. Its intersection is signalized, and multiple anchored shopping centers are located within a half-mile. Pacific Avenue carries more than 30,000 vehicles per day, adding substantial traffic exposure to the location.

Key Highlights

  • Single‑tenant NNN restaurant occupied by Izzy’s Pizza
  • Izzy’s Pizza has operated at the center for 28 years
  • Corner pad within Olympia Square North shopping center

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Catering Service Furniture & Home Goods Butcher Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,418
Businesses Nearby

Demographics for 98501, WA

45,274
Population
19,969
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,297
Density / Sq Mi
$95,695
Median Household Income
$55,909
Median Earnings
$1,600
Median Rent
$485,200
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Izzy’s Pizza has served the shopping center for 28 years at a signalized Pacific Avenue intersection.
Where is this nnn property located?
The property is located at 3540 Pacific Avenue SE Olympia, WA.
What are key features of this property?
This property features: Single‑tenant NNN restaurant occupied by Izzy’s Pizza; Izzy’s Pizza has operated at the center for 28 years; Corner pad within Olympia Square North shopping center
More about this property
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