2500 Capitol Mall Dr SW | Olympia, WA 98502
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This Retail Property is no longer advertised on LoopNet.com.
2500 Capitol Mall Dr SW
Olympia, WA 98502
Applebee's · Retail Property For Sale

Investment Highlights
- Applebee’s has successfully operated at this site for 20 years, underscoring proven location strength and sustained tenant commitment
- Applebee’s has recently renewed their lease for an additional 5 years, demonstrating ongoing commitment to the site
- Applebee’s is a leading national casual dining brand with a strong reputation for operational stability
- The property features a NNN lease that provides passive income with zero landlord responsibilities
- #16 restaurant location in Washington State and is within the top 12% of Applebee’s restaurants nationwide in terms of total visits (Placer.ai)
- Located in Olympia’s dominant retail trade area at Capital Mall, surrounded by high-volume traffic generators and notable national retailers
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,997 SF
Building Class
B
Year Built
1979
Tenancy
Single
Building Height
1 Story
Zoning
HDC-4
Frontage
67’ on Capitol Mall Dr SW
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 12816430300 | Improvements Assessment | $36,923,500 |
| Land Assessment | $25,023,600 | Total Assessment | $61,947,100 |
Property Taxes
Parcel Number
12816430300
Land Assessment
$25,023,600
Improvements Assessment
$36,923,500
Total Assessment
$61,947,100
Listing ID: 37655509
Date on Market: 9/12/2025
Last Updated:
Address: 2500 Capitol Mall Dr SW, Olympia, WA 98502
The West Olympia Retail Property at 2500 Capitol Mall Dr SW, Olympia, WA 98502 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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