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High-Traffic Retail Center For Rent
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5400 Martin Way E, Lacey, WA 98516

Retail center in Olympia/Lacey market with strong visibility and parking.

Space Size2,423 SF
Property Size7,245 SF
Days on Market169

Property Features for 5400 Martin Way E

General Information

Standard status Active
Size 2,423 SF
Class B
Property subtype Retail, Restaurant

Building Details

Building Size 7,245 SF
Tenancy Multiple

Spaces For Lease

at 5400 Martin Way E Contact us

Suite D

Size
2,423 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

Suite A

Type
Retail
Availability
Active
Contact us
Listing Agency: First Western Properties, Inc. Tacoma
Listed By: Jameson Sullivan · License #WA
Source: Crexi
Added: Mar 5 Changed: Aug 8 Last Checked: Aug 8 at 6:30AM

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 First Western Properties, Inc. Tacoma

Investment Insights

Based on property information with market context.

Martine Village is a high-traffic retail center located along Martin Way E, a key commercial corridor in the Olympia/Lacey market. The shopping center is anchored by major national and regional tenants. It benefits from strong visibility, ample parking, and easy access. Situated in a dense residential and business district, Martin Village is an ideal location for retailers looking to tap into a thriving consumer base.

Key Highlights

  • High‑traffic location on Martin Way E, a key commercial corridor.
  • Anchored by major national and regional tenants.
  • Strong visibility.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick HVAC Service Auto Repair Shop Storage Facility Auto Parts Store Garden Center (Bike/Boat/Book/etc) 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

311
Businesses Nearby
Balanced
Demand for This Use

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

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?
Shopping center - Retail center in Olympia/Lacey market with strong visibility and parking.
Where is this shopping center located?
The property is located at 5400 Martin Way E Lacey, WA.
What are key features of this property?
This property features: High‑traffic location on Martin Way E, a key commercial corridor.; Anchored by major national and regional tenants.; Strong visibility.
(253) 471-5508 Call to check price and availability
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