Nisqually Plaza Retail FOR SALE


Yelm, WA
$25,600,000 USD
425-233-9522
, Yelm, WA for Sale
$25,600,000 USD
Retail - FOR SALE
1/4
null | 6% Cap Rate

Nisqually Plaza
Yelm, WA


HIGHLIGHTS

  • Dominant Yelm Shopping Center | 105,000+ SF
  • Grocery And National Tenant Anchored + Shadow Anchored
  • 95% Occupied with Strong Leasing Momentum | 100% NNN Leases
  • Pad Development Upside
  • Seller Financing Available
  • $5.8+ Million In Tax Savings Year One With Bonus Depreciation

OVERVIEW

The Brown Group of Marcus & Millichap has been selected to exclusively market for sale Nisqually Plaza, a dominant, grocery anchored shopping center in Yelm, Washington. The largest shopping center in Yelm, the property is anchored by Grocery Outlet, Harbor Freight Tools, O'Reilly Auto Parts, Dollar Tree, and Goodwill, and shadow anchored by Safeway. Four new leases executed since 2025 have driven $265,000+ in NOI growth. A seller rent guaranty on a vacant suite brings the property to 95% occupancy and a developable pad site along Yelm Ave provides additional upside. There is seller financing available at 5.75% interest-only for a 5-year term at 50% LTV. O'Reilly Auto Parts recently expanded its footprint by 20% and MultiCare Health Systems signed a new 10-year lease. Nearly 69% of GLA is leased by tenants in place over five years, and all tenants operate on NNN leases. The property recently added 8,000 SF of new shop space and has received extensive renovations over the past five years. A cost segregation study projects $5.8M+ in first year bonus depreciation. Located on Yelm Avenue (SR 507/510) with visibility to 20,000+ VPD and a signalized intersection, the property anchors Yelm's primary retail corridor. The surrounding trade area has seen 74% population growth since 2000, with average household incomes exceeding $100,000 and a median home value under $450,000.

ASK ABOUT THIS PROPERTY

Trevor LaneMarcus & MillichapMore Info
425-233-9522

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Trevor LaneMarcus & MillichapMore Info
425-233-9522

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