Lacey Plaza 4660 Whitman Ln 11,502 SF 100% Leased Retail Building Lacey, WA 98513 $3,300,000 ($286.91/SF) 6.42% Cap Rate

We are pleased to present for sale LACEY RETAIL CENTER,
a premier freestanding retail building located in Lacey, Washington
(Population 53,526) within the thriving Olympia-Lacey-Tumwater
Metropolitan Area. This 11,502 SF professional-grade property sits on a
1.05-acre lot with 27 parking spaces and was built in 1998.
Strategically positioned in Lacey's prestigious Rainier Commercial Park with
high-visibility frontage on heavily traveled Yelm Highway, the property offers
exceptional exposure in one of Thurston County's most active commercial
corridors. Located within minutes of Providence St. Peter Hospital,
Washington State Government offices, and Sea Mar Community Health
Centers, the property benefits from consistent demand driven by over
25,000 healthcare professionals and government contractors employed by
these recession-resistant anchor institutions.
The property is co-located alongside Lowe's, major retail anchors, and the
rapidly expanding Lacey Corporate Center, creating a proven business
ecosystem with superior regional connectivity via Interstate 5 and proximity
to Joint Base Lewis-McHord.
This represents an outstanding opportunity for investors seeking stable
income with minimal management. The triple-net lease structure transfers
nearly all operating expenses—including property taxes, insurance, and
maintenance—to tenants, ensuring predictable cash flow with a current Net
Operating Income of $200,607. Combined with professional-grade
infrastructure, flexible retail configurations, and strategic positioning within
a recession-resistant professional corridor, 4660 Whitman Ln SE is a
compelling acquisition in one of Washington's most resilient commercial
markets.