2400 Capitol Mall Dr SW - Restaurant FOR SALE


Olympia, WA 98502- West Olympia
$2,690,000 USD
206-518-9567
2400 Capitol Mall Dr SW, Olympia, WA for Sale
$2,690,000 USD
Restaurant - FOR SALE
1/11
null | 6.5% Cap Rate

2400 Capitol Mall Dr SW
Olympia, WA 98502
West Olympia


HIGHLIGHTS

  • Located within the Capital Mall trade area—Olympia’s dominant retail destination
  • Features 4 years remaining on a NNN ground lease, providing passive, management-free income with no landlord responsibilities
  • #2 restaurant location in Washington State and is within the top 5% of Olive Garden restaurants nationwide in terms of total visits (Placer.ai)
  • Tenant reports consistently robust sales, underscoring the strength of this high-performing location
  • Olive Garden is a flagship brand of Darden Restaurants, one of America’s largest and most reputable casual dining operators
  • Olive Garden has maintained successful operations at this site for more than three decades

OVERVIEW

The offering presents a rare opportunity to acquire a long-standing Olive Garden restaurant, prominently located in Olympia’s primary retail corridor. The property enjoys a highly visible pad position adjacent to Capital Mall, the region’s premier shopping destination, which attracts over 6.5 million annual visitors (Placer.ai). Olive Garden has been a fixture at this location for more than 30 years, demonstrating both the strength of the brand, the tenant’s strong reported sales, and its proven success. The property is backed by a NNN ground lease with approximately four years remaining, providing investors with reliable, passive income. The offering presents investors a compelling combination of long-term tenant performance, truly passive cash flow, and a prime regional location, providing dependable income and stability within Olympia’s most dynamic retail hub.

FOR SALE DETAILS

PRICE

$2,690,000 USD

PRICE/SF

$234 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olive Garden

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

HDC-4

APN/PARCEL ID

12816430300

ASK ABOUT THIS PROPERTY

Billy SleethNewmarkMore Info
206-518-9567

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Billy SleethNewmarkMore Info
206-518-9567

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.