2500 Capitol Mall Dr SW | Olympia, WA 98502
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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
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