Shopping Strip
Lacey Retail Center
4660 Whitman Ln SE, Lacey, WA 98513
Listing Price: $3,195,683
Investment Overview
We are pleased to present for sale Lacey Retail Center Lacey Retail Center, located in Thurston County, Washington, is a well-established retail property featuring 6 suites with 100% occupancy. Encompassing 11,324 square feet, the center showcases a diverse tenant mix including Lacey Liquor & Beverage, Kasita Krec's LLC, Sharp Design Hair Studio, Canna Cabana Subs & Shakes, Emerald City/Pizza Hut, and Star Nails & Spa, providing essential services and dining options to the community.
The property benefits from stable, long-term tenants with built-in rent escalations and generates additional income from a T-Mobile cell tower lease with automatic 10% increases every five years. Recent capital improvements including a new roof (2020), updated HVAC system (2017), and modernized fire panel (2025) demonstrate proactive property management and commitment to maintaining the asset.
Strategically positioned in Lacey's retail corridor, the center serves the growing Thurston County market and benefits from its proximity to major transportation routes and residential neighborhoods, making it an attractive investment opportunity with proven cash flow and value-add potential through professional management.
Lacey Retail Center
Investment Highlights
- The property utilizes an NNN lease structure, which enables tenants to assume responsibility for nearly all operating expenses
- 4660 Whitman Ln SE occupies a prestigious position in Lacey's Rainier Commercial Park, featuring high-visibility frontage on heavily traveled Yelm Highway
- Strategically positioned within minutes of Providence St. Peter Hospital, Washington State Government offices, and Sea Mar Community Health Centers
- Located within Lacey's established commercial district alongside Lowe's, major retail anchors, and the rapidly expanding Lacey Corporate Center
Exclusively Listed By
Broker of Record
Listing Price: $3,195,683
Investment Highlights
- The property utilizes an NNN lease structure, which enables tenants to assume responsibility for nearly all operating expenses
- 4660 Whitman Ln SE occupies a prestigious position in Lacey's Rainier Commercial Park, featuring high-visibility frontage on heavily traveled Yelm Highway
- Strategically positioned within minutes of Providence St. Peter Hospital, Washington State Government offices, and Sea Mar Community Health Centers
- Located within Lacey's established commercial district alongside Lowe's, major retail anchors, and the rapidly expanding Lacey Corporate Center
Investment Overview
We are pleased to present for sale Lacey Retail Center Lacey Retail Center, located in Thurston County, Washington, is a well-established retail property featuring 6 suites with 100% occupancy. Encompassing 11,324 square feet, the center showcases a diverse tenant mix including Lacey Liquor & Beverage, Kasita Krec's LLC, Sharp Design Hair Studio, Canna Cabana Subs & Shakes, Emerald City/Pizza Hut, and Star Nails & Spa, providing essential services and dining options to the community. The property benefits from stable, long-term tenants with built-in rent escalations and generates additional income from a T-Mobile cell tower lease with automatic 10% increases every five years. Recent capital improvements including a new roof (2020), updated HVAC system (2017), and modernized fire panel (2025) demonstrate proactive property management and commitment to maintaining the asset. Strategically positioned in Lacey's retail corridor, the center serves the growing Thurston County market and benefits from its proximity to major transportation routes and residential neighborhoods, making it an attractive investment opportunity with proven cash flow and value-add potential through professional management.
Exclusively Listed By
Broker of Record
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