Two-Tenant Retail
For Sale
Contact for pricing
4141 Martin Way E, Olympia, WA 98516
Hobby Lobby and Tractor Supply occupy the center, with options extending beyond approximately five years of remaining term.
Property SizeContact for details
Days on Market144
Property Features for 4141 Martin Way E
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Anchor Co-Tenants
Hobby Lobby, Tractor Supply
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Northmarq - Seattle
Listed By:
Sean Tufts · License #WA 74057
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 4:35AM
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.
Martin Way Marketplace is a two-tenant shopping center occupied by Hobby Lobby and Tractor Supply. The property is offered for sale with both leases showing approximately five years of remaining term, along with additional option periods. Hobby Lobby has indicated interest in extending its lease early, and discussions are underway.
The center is positioned off Interstate-5 in Olympia within a daily-needs retail corridor. Surrounding context includes grocery stores, national retailers, schools, and high-density residential areas, supporting an established retail setting. The address is 4141 Martin Way E, Olympia, WA 98516.
The center is positioned off Interstate-5 in Olympia within a daily-needs retail corridor. Surrounding context includes grocery stores, national retailers, schools, and high-density residential areas, supporting an established retail setting. The address is 4141 Martin Way E, Olympia, WA 98516.
Key Highlights
- Two‑tenant center occupied by Hobby Lobby and Tractor Supply
- Approximately five years of remaining lease term for both tenants
- Additional lease options beyond the current remaining terms
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,377
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98516, WA
29,443
Population
11,600
Households
2.5
Avg Household Size
38
Median Age
37%
College-Educated
94%
High-School Grad
28.8 sq mi
ZIP Area
1,022
Density / Sq Mi
$92,191
Median Household Income
$52,188
Median Earnings
$1,948
Median Rent
$528,000
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?
Shopping center - Hobby Lobby and Tractor Supply occupy the center, with options extending beyond approximately five years of remaining term.
Where is this shopping center located?
The property is located at 4141 Martin Way E Olympia, WA.
What are key features of this property?
This property features: Two‑tenant center occupied by Hobby Lobby and Tractor Supply; Approximately five years of remaining lease term for both tenants; Additional lease options beyond the current remaining terms
