MultiCare + AON Oncology - 420 McPhee Rd SW

Olympia, WA 98502

• NNN Property
• Office for Sale
• $4,383,225 CAD
• 9,555 SF

Olympia Office for Sale - Westside

Marcus & Millichap's Brown Retail Group has been selected exclusively to market for sale MultiCare + AON, a fully leased medical office building located in west Olympia, WA, just minutes from the region's two largest hospitals— MultiCare Capital Medical Center and Providence St. Peter. The property is 100% occupied by MultiCare and American Oncology Network (AON), offering stable cash flow with strong credit tenancy and long-term medical demand drivers. MultiCare recently expanded with a new 3-year lease for Suite 201, increasing its occupancy to nearly 48% of GLA, while AON executed a new 5-year lease extension, further strengthening the tenancy profile. All leases include 2.0%–3.0% annual rent increases, providing consistent income growth and inflation protection. Priced at a 7.30% cap rate, the asset delivers compelling yield supported by highly durable tenancy—Vista Oncology (now AON) has occupied since 2013 and Capital Medical Center (now MultiCare) since 2018. Built in 2013 with high-quality construction and minimal anticipated capital expenditures, the property serves a dense, affluent population base of approximately 90,000 residents within five miles with average household incomes nearing $100,000. Located in Washington, an income tax–free state, the asset offers additional investor advantages with recession-resistant healthcare tenancy and staggered lease expirations supporting predictable long-term revenue.

Contact:

Marcus & Millichap

Property Subtype:

Medical

Date on Market:

2025-12-02

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Multi-Tenant NNN Investment - 1107 N Callow Ave

Bremerton, WA 98312

• NNN Property
• Retail for Sale
• $4,623,954 CAD
• 17,600 SF

Bremerton Retail for Sale - CBD

Temmel Real Estate is pleased to present the opportunity to acquire a stabilized, multi-tenant NNN investment property in Bremerton, Washington. Strategically positioned on a busy, signalized corner shadow-anchored by Safeway, the property features a strong and diverse tenant mix, including 7-Eleven, Little Caesars, Metro by T-Mobile, The Reef Cannabis, and Dogpaw Design, a custom concrete contractor. The retail Tenants have long-term leases in place, offering investors predictable cash flow. Additionally, Dogpaw Design is on a month-to-month lease representing an attractive value-add or repositioning opportunity for the next Owner.

Contact:

Temmel Real Estate

Property Subtype:

Freestanding

Date on Market:

2025-11-11

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Bremerton Station - 4321 Wheaton Way

Bremerton, WA 98310

• NNN Property
• Retail for Sale
• $27,725,637 CAD
• 177,639 SF

Bremerton Retail for Sale - East Bremerton

MAJ Commercial Real Estate is excited to present the opportunity to acquire a Multi- Tenant NNN Lease Investment located in Bremerton, WA. The property is leased to Wilco, Floor & Décor, Grocery Outlet, and Planet Fitness, all offering long-term stability with national and regional brand recognition. Bremerton Station is strategically positioned along Wheaton Way (State Route 303) and NE Riddell Road, one of the city’s major thoroughfares with approximately 80,744 vehicles per day at the intersection. The center benefits from strong nearby anchors and a dense residential population, with convenient access to Downtown Bremerton, the Puget Sound Naval Shipyard, and ferry services to Seattle.

Contact:

MAJ Commercial Real Estate

Date on Market:

2025-11-04

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Red Robin - 600 Cooper Point Rd SW

Olympia, WA 98502

• NNN Property
• Retail for Sale
• $5,663,405 CAD
• 7,200 SF

Olympia Retail for Sale - Westside

Presenting the opportunity to acquire a long-standing, free-standing single tenant, Red Robin, ideally situated at Capital Mall in Olympia, WA. This prime free-standing net lease property is located within the area’s leading regional shopping destination, benefitting from robust consumer traffic and strong retail synergy. Red Robin has successfully operated at this location for over 30 years, highlighting the location’s enduring appeal and track record of performance. The property is secured by an absolute NNN lease with 5 years of term remaining, offering stable, passive income with zero landlord responsibilities. The offering delivers the ultimate blend of stable, management-free income and prime location within Olympia’s dominant retail district, offering excellent downside protection and long-term value to investors.

Contact:

Newmark

Property Subtype:

Restaurant

Date on Market:

2025-09-12

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