909 E Yelm Ave - Drug Store FOR SALE


Yelm, WA 98597
$3,800,000 USD
253-334-3761
909 E Yelm Ave, Yelm, WA for Sale
$3,800,000 USD
Drug Store - FOR SALE
1/5
null | Request Cap Rate

909 E Yelm Ave
Yelm, WA 98597


HIGHLIGHTS

  • Freestanding 13,738 SF Building on 1.78 Acres | Flexible C-1 Zoning
  • Grocery Shadow Anchored by Nationally Top 4% Ranked Safeway
  • Directly Across From Yelm's Dominant Shopping Center (1M+ Annual Visits) | High-Growth, Affluent Demographics and Low Cost of Living
  • Drive-Thru Permitted With Rare Double Drive-Thru
  • Reinforced Concrete Construction
  • Surrounded by National Retailers | Excellent Retail Location with Visibility to Over 18,000 VPD

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

C-1

APN/PARCEL ID

22730121200

ASK ABOUT THIS PROPERTY

Dylan WolfMarcus & MillichapMore Info
253-334-3761

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Dylan WolfMarcus & MillichapMore Info
253-334-3761

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