937 Yelm Ave W - Freestanding FOR SALE


Yelm, WA 98597
$5,375,000 USD
952-356-0100
937 Yelm Ave W, Yelm, WA for Sale
$5,375,000 USD
Freestanding - FOR SALE
1/4
null | 5.58% Cap Rate

937 Yelm Ave W
Yelm, WA 98597


HIGHLIGHTS

  • Brand new construction, 2025 build.
  • 100% leased to national tenants, including a drive-thru Starbucks.
  • Each tenant is operating on a brand-new 10-year NNN lease with contractual rent increases, providing income growth and a strong WALT of 9.9 years.
  • Frontage on Yelm Ave, a primary thoroughfare that sees over 17,000 vehicles per day.
  • Outparcel to Yelm Medical Plaza, a 34,000 square foot class A medical office and primary medical center in Yelm.
  • Approximately 300 parking spaces within the greater center, available to all Owners within the center on a first-come, first-served basis.

OVERVIEW

Constructed in 2025, the Property offers investors a newly developed 6,300 SF three-tenant retail asset in a growing, affluent submarket. Occupied by a drive-thru Starbucks, MultiCare Indigo Health, and Wingstop, each tenant operates on a brand-new 10-year NNN lease with scheduled rent increases. The Property benefits from prime frontage on Yelm Avenue, the city’s primary commercial corridor with traffic counts exceeding 17,000 vehicles per day, and is an outparcel to Yelm Medical Plaza—a 34,000 SF Class A medical hub occupied by Providence, ATI Physical Therapy, and LabCorp. Yelm continues to attract national retailers and service providers—such as Walmart, Costco and McDonald’s—alongside a growing three-mile population that has increased by approximately 45% since 2010. Average household incomes now exceed $111,000 within five miles, and the retail vacancy rate remains exceptionally low at just 1.1%. The area stands out as one of Thurston County’s fastest-growing commercial corridors.

FOR SALE DETAILS

PRICE

$5,375,000 USD

PRICE/SF

$853 USD /SF

CAP RATE

5.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eagle Plaza Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,777 SF

ZONING

C-1

APN/PARCEL ID

45170000400

ASK ABOUT THIS PROPERTY

Kevin AdattoNorthmarqMore Info
952-356-0100

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Kevin AdattoNorthmarqMore Info
952-356-0100

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