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Single-Tenant Vacant-User

Former Rite Aid | Adjacent to Nationwide Top 4% Ranked Safeway | Owner-User or Value-Add Opportunity

909 E Yelm Ave, Yelm, WA 98597

Listing Price: $3,800,000

Guarantor
No Guarantee
Rentable SF
13,685
Lease Type
Tenant at Will

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a freestanding 13,738 SF retail building on 1.00 acre in Yelm, WA, featuring a large-format layout with abundant parking and a rare double drive-thru, ideal for retail, medical, fitness, or service users. The property benefits from being located adjacent to a Safeway grocery store ranked in the top 4% nationwide (1.2M+ annual visits); directly across from Nisqually Plaza, Yelm's dominant shopping center (1M+ annual visits); and on Yelm Avenue (State Route 507/510) with excellent visibility to over 18,000 VPD. The reinforced concrete construction offers durable, institutional-quality building with long-term utility. The property is located at a signalized intersection, features multiple points of ingress/egress, and is surrounded by national retailers including Grocery Outlet, Harbor Freight, O'Reilly Auto Parts, Goodwill, Dollar Tree, Jiffy Lube, Les Schwab, Tractor Supply, and Walmart. The property features flexible C-1 zoning, allowing retail, mixed-use, education, public safety, and senior living uses. The area demographics are strong, with 5-mile population growth of 74% since 2000, average household incomes nearing $100,000, and median home values under $400,000, reflecting robust growth and discretionary spending. Washington State's income tax-free environment further enhances investor returns.

Investment Highlights

  • Freestanding 13,685 SF Building on 1.00 Acre
  • Grocery Shadow Anchored by Nationally Top 4% Ranked Safeway
  • Directly Across From Yelm's Dominant Shopping Center (1M+ Annual Visits)
  • Drive-Thru Permitted With Rare Double Drive-Thru
  • Reinforced Concrete Construction and Flexible C-1 Zoning
  • Surrounded by National and Regional Retailers
  • Excellent Retail Location with Visibility to Over 18,000 VPD
  • High-Growth, Affluent Demographics and Low Cost of Living

Exclusively Listed By

Single-Tenant Vacant-User

Former Rite Aid | Adjacent to Nationwide Top 4% Ranked Safeway | Owner-User or Value-Add Opportunity

Listing Price: $3,800,000

Guarantor
No Guarantee
Rentable SF
13,685
Lease Type
Tenant at Will

Investment Highlights

  • Freestanding 13,685 SF Building on 1.00 Acre
  • Grocery Shadow Anchored by Nationally Top 4% Ranked Safeway
  • Directly Across From Yelm's Dominant Shopping Center (1M+ Annual Visits)
  • Drive-Thru Permitted With Rare Double Drive-Thru
  • Reinforced Concrete Construction and Flexible C-1 Zoning
  • Surrounded by National and Regional Retailers
  • Excellent Retail Location with Visibility to Over 18,000 VPD
  • High-Growth, Affluent Demographics and Low Cost of Living

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a freestanding 13,738 SF retail building on 1.00 acre in Yelm, WA, featuring a large-format layout with abundant parking and a rare double drive-thru, ideal for retail, medical, fitness, or service users. The property benefits from being located adjacent to a Safeway grocery store ranked in the top 4% nationwide (1.2M+ annual visits); directly across from Nisqually Plaza, Yelm's dominant shopping center (1M+ annual visits); and on Yelm Avenue (State Route 507/510) with excellent visibility to over 18,000 VPD. The reinforced concrete construction offers durable, institutional-quality building with long-term utility. The property is located at a signalized intersection, features multiple points of ingress/egress, and is surrounded by national retailers including Grocery Outlet, Harbor Freight, O'Reilly Auto Parts, Goodwill, Dollar Tree, Jiffy Lube, Les Schwab, Tractor Supply, and Walmart. The property features flexible C-1 zoning, allowing retail, mixed-use, education, public safety, and senior living uses. The area demographics are strong, with 5-mile population growth of 74% since 2000, average household incomes nearing $100,000, and median home values under $400,000, reflecting robust growth and discretionary spending. Washington State's income tax-free environment further enhances investor returns.

Exclusively Listed By

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