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Investment Highlights
- Freestanding 13,738 SF Building on 1.78 Acres | Flexible C-1 Zoning
- Directly Across From Yelm's Dominant Shopping Center (1M+ Annual Visits) | High-Growth, Affluent Demographics and Low Cost of Living
- Reinforced Concrete Construction
- Grocery Shadow Anchored by Nationally Top 4% Ranked Safeway
- Drive-Thru Permitted With Rare Double Drive-Thru
- Surrounded by National Retailers | Excellent Retail Location with Visibility to Over 18,000 VPD
Executive Summary
Brown Retail Group of Marcus & Millichap has been selected to exclusively market for sale a freestanding 13,738 SF retail building on 1.78 acres in Yelm, WA, featuring a large-format layout with abundant parking and a rare double drive-thru, ideal for retail, medical, fitness, or service users. The property benefits from being located adjacent to a Safeway grocery store ranked in the top 4% nationwide (1.2M+ annual visits); directly across from Nisqually Plaza, Yelm's dominant shopping center (1M+ annual visits); and on Yelm Avenue (State Route 507/510) with excellent visibility to over 18,000 VPD. The reinforced concrete construction offers durable, institutional-quality building with long-term utility. The property is located at a signalized intersection, features multiple points of ingress/egress, and is surrounded by national retailers including Grocery Outlet, Harbor Freight, O'Reilly Auto Parts, Goodwill, Dollar Tree, Jiffy Lube, Les Schwab, Tractor Supply, and Walmart. The property features flexible C-1 zoning, allowing retail, mixed-use, education, public safety, and senior living uses. The area demographics are strong, with 5-mile population growth of 74% since 2000, average household incomes nearing $100,000, and median home values under $400,000, reflecting robust growth and discretionary spending. Washington State's income tax-free environment further enhances investor returns.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,738 SF
Building Class
B
Year Built
2000
Price
$5,189,394 CAD
Price Per SF
$377.74 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.78 AC
Zoning
C-1
Frontage
146’ on yelm Ave
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 22730121200 | Improvements Assessment | $1,421,371 CAD |
| Land Assessment | $1,439,705 CAD | Total Assessment | $2,861,077 CAD |
Property Taxes
Parcel Number
22730121200
Land Assessment
$1,439,705 CAD
Improvements Assessment
$1,421,371 CAD
Total Assessment
$2,861,077 CAD
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909 E Yelm Ave
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