2500 Capitol Mall Dr SW - Restaurant FOR SALE


Olympia, WA 98502- West Olympia
$2,200,000 USD
206-518-9567
2500 Capitol Mall Dr SW, Olympia, WA for Sale
$2,200,000 USD
Restaurant - FOR SALE
1/15
null | 7% Cap Rate

2500 Capitol Mall Dr SW
Olympia, WA 98502
West Olympia


HIGHLIGHTS

  • Applebee’s has successfully operated at this site for 20 years, underscoring proven location strength and sustained tenant commitment
  • The property features a NNN lease that provides passive income with zero landlord responsibilities
  • Applebee’s has recently renewed their lease for an additional 5 years, demonstrating ongoing commitment to the site
  • #16 restaurant location in Washington State and is within the top 12% of Applebee’s restaurants nationwide in terms of total visits (Placer.ai)
  • Applebee’s is a leading national casual dining brand with a strong reputation for operational stability
  • Located in Olympia’s dominant retail trade area at Capital Mall, surrounded by high-volume traffic generators and notable national retailers

OVERVIEW

The offering presents a well-established Applebee’s restaurant located at Capital Mall in Olympia, WA. The property benefits from a highly visible pad position adjacent to Capital Mall, the region’s premier shopping destination, which attracts over 6.5 million annual visits (Placer.ai). Applebee’s has operated at this site for 20 years, demonstrating proven performance and tenant stability. The property features a NNN lease and Applebee’s recently extended their lease for 5 years providing approximately 6 years of lease term remaining, providing passive, management-free income with no landlord obligations. This asset presents investors a compelling combination of long-term tenant performance, passive cash flow, and a prime regional location, providing dependable income and stability within Olympia’s most dynamic retail hub.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$401 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's

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.