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Retail Space Available for Lease
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5420 Martin Way E, Lacey, WA 98516

Large retail space in Martin Village available for lease or sale, totaling 57,265 SF.

Space Size57,265 SF
Days on Market524

Property Features for 5420 Martin Way E

General Information

Standard status Active
Size 57,265 SF
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 5420 Martin Way E Contact us

Martin Village $9/SF/Yr

Size
57,265 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE
*DON'T DISTURB TENANT* Space in Martin Village Available for LEASE or SALE: 57,265...
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Listing Agency: First Western Properties, Inc.
Listed By: Jake Thurber · License #138231
Source: Moodyscre
Added: Apr 8, 2025 Changed: Sep 2 Last Checked: Sep 13 at 9:51AM

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.

Investment Insights

Based on property information with market context.

A substantial retail space is available at Martin Village for lease or sale. The offering totals 57,265 square feet. The asking base rent is $9.00 per square foot, and sale pricing is available by contacting the broker for details.

Please note that tenants are on-site—do not disturb current occupants. The property is located at 5420 Martin Way E in Lacey, Washington.

For anyone submitting an offer, the broker will need to verify commission and payment structure details with the listing agent.

Key Highlights

  • 57,265 SF retail space available in Martin Village for lease or sale.
  • Asking base rent is $9.00 per SF.
  • Contact broker for purchase price details.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop HVAC Service Big Box & Wholesale Store Storage Facility Law Firm

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
$1.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

107
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Retail space - Large retail space in Martin Village available for lease or sale, totaling 57,265 SF.
Where is this retail space located?
The property is located at 5420 Martin Way E Lacey, WA.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: 57,265 SF retail space available in Martin Village for lease or sale.; Asking base rent is $9.00 per SF.; Contact broker for purchase price details.
(206) 817-4935 Call to check price and availability
More about this property
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