5500 Martin Way E
Lacey, WA 98516
Shopko · Retail Property For Sale

Marcus & Millichap is proud to present this Shopko property which is located as an anchor within the Martin Village Shopping Center. Shopko has been separately parceled and lies on 12.68 acres and the store is comprised of 98,776-square feet of building space. The property benefits from being a major anchor to a very popular Power Center which sees over 130,000 Vehicles per Day and lies directly off of the 1-5 Freeway which is the main North/South artery through the Western United States. This Lacey, Washington Shopko has just over nine years remaining on an absolute Net (NNN) lease that was entered into January 29, 2007. The current rent is $1,049,359.56 and rent is scheduled to increase on February 1st, 2018 by the lessor of sex percent and 1.25x the change in Consumer Price Index (CPI) over the previous three years. Rent will follow this escalation structure every three years after the next rental increase. Additionally, there are four, five-year tenant renewal options. Headquartered in Green Bay, Wisconsin, Shopko Stores Operating Company, Limited Liability Company (LLC) is now a $3 Billion retailer that operates over 3300 stores in 21 states throughout the Midwest, Mountain, North Central and Pacific Northwest.