4909 Lacey SE Blvd, Lacey, WA 98503-5726

This exceptional retail investment opportunity presents a 5,957 square foot, triple-net (NNN) leased property located at 4909 Lacey Blvd SE, Lacey, WA 98503. The property boasts a strong 5.20% cap rate and a Net Operating Income (NOI) of $182,539, based on a $3,520,000 asking price. Currently 100% occupied by three tenants, including United Pacific (Apro LLC, with 450+ locations), Milan Beauty Salon, and Liberty Tax, all under NNN leases providing a hedge against rising operating expenses. The leases include annual rent increases (United Pacific 2.5%/year, Milan Beauty Salon $50/month/year, Liberty Tax $100/month/year), and two tenants currently operate below market rates, offering significant upside potential. The property sits on a 0.80-acre lot, strategically positioned on a high-traffic corner with visibility to over 30,000 vehicles per day, ranking in the top 25% for gas station/convenience store visits in Washington State. Recent renovations include parking lot resurfacing and restriping, HVAC upgrades, exterior painting, and façade improvements. The property also benefits from a strong corporate guarantee from United Pacific and an attractive assumable financing option with a fixed interest rate of 4.59% until June 2032. The location is within a rapidly growing area, with Lacey's population increasing by over 35% since 2010 and projected to grow another 5% in the next five years, and average household incomes exceeding $96,000 within a 5-mile radius. The Liberty Tax lease includes a landlord termination right, allowing for potential expansion at the end of the current lease terms. There is no deferred maintenance. This is a prime opportunity for investors seeking a stable, high-performing asset in a thriving market.