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.