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3540 Pacific Ave SE
Olympia, WA 98501
Olympia Square North · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% leased Albertsons anchored shopping center
- Albertsons reports strong sales and low occupancy cost
- Strategically positioned in Olympia’s main retail corridor
- 6.2 years of WALT
- Below market rents
- Ideal mix of tenant brands and suite sizes
EXECUTIVE SUMMARY
Olympia Square North is an 89,884 SF, Albertsons anchored center in Olympia, WA, the state capital. Situated at a major interchange on I-5, this property offers excellent visibility and accessibility, contributing to its appeal and performance.
The Center benefits from a high-performing grocer, its location in a growing trade area, 100% occupancy, 6.2 years of WALT, and an established and stable tenant base.
This well-positioned investment opportunity combines the reliability of a strong anchor tenant, the vibrancy of a unique entertainment offering, and the advantage of a prime location, making it an ideal asset for investment with both immediate and long-term returns.
The Center benefits from a high-performing grocer, its location in a growing trade area, 100% occupancy, 6.2 years of WALT, and an established and stable tenant base.
This well-positioned investment opportunity combines the reliability of a strong anchor tenant, the vibrancy of a unique entertainment offering, and the advantage of a prime location, making it an ideal asset for investment with both immediate and long-term returns.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
89,884 SF
Building Class
B
Year Built/Renovated
1988/1990
NOI
$1,183,349
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.08
Lot Size
1.91 AC
Zoning
HDC-4 - 53 - Retl-Gen-Mer
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $10,628,400 | |
| Land Assessment | $1,554,000 | Total Assessment | $12,182,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,554,000
Improvements Assessment
$10,628,400
Total Assessment
$12,182,400
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