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29819147
29818671

7131-7269 Martin Way E, Olympia, WA 98516

TY
WA 25008859, WA 25033174
Top Agency
HC
WA 109245
Listed by Top Agency
$11,500,000
126 days on market
Updated 21 days ago

Tanglewilde Shopping Center

Details
APN 78801200000
Property Type Retail
Sub Type Shopping Center, Street Retail
Square Footage 43,873
Units 25
Cap Rate 5.49%
NOI $631,518
Occupancy 100%
Tenancy Multi
Lease Type NNN
Broker Co-Op Yes
Year Built 1960
Year Renovated 2006
Buildings 3
Stories 1
Acreage 4.660
Zoning MHDC (Mixed-Use High Density Corridor)
Investment Type Core+

Retail | 5.49% CAP | 43,873 SqFt

Marketing description

Introducing a prime commercial investment opportunity in Lacey! This premier property, located at 7131 - 7269 Martin Way East, boasts a 43,873 SF building with 25 units, offering versatility and potential for an array of retail operations. This well-maintained property features 100% occupancy and is strategically zoned MHDC. With its strategic location in Lacey, this property presents an exceptional opportunity for the astute retail investor seeking a stable and profitable addition to their portfolio.

The property is prominently situated along Martin Way East, one of the South Puget Sound’s busiest east–west retail and commercial corridors within the Lacey Urban Center near the Lacey/Olympia boundary in Thurston County, Washington. This location benefits from strong daily traffic exposure and excellent connectivity to local residential neighborhoods, regional arterials and Interstate 5, making it a highly visible and accessible retail node. The surrounding area features a dense mix of established retail, services, restaurants, and community amenities, with numerous shopping centers, grocery anchors and household destinations nearby. The site is also served by local transit routes and benefits from strong pedestrian activity along the Martin Way commercial stretch.


Investment highlights

  • 44,603 SF building
  • 25 units
  • Zoned MHDC
  • Strategic Lacey location
  • 100% occupancy
  • Multi-tenant layout suitable for a diverse mix of retail, services and dining operators.
  • High visibility signage, including pylon opportunities facing the corridor.
  • Excellent parking ratio and ease of ingress/egress from Martin Way.
  • Urban retail zoning aligned with regional commercial development patterns.

Listing Contacts

TY
WA 25008859, WA 25033174
Top Agency
HC
WA 109245
Listed by Top Agency

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$631,518.00
$52,626.50/mo

Valuation Metrics

0
DSCR
5.49%
Cap Rate
5.49%
ROI

Map

Zoning

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MHDC MixedMixed UseMixed Use High Density Corridor
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Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Tia Yeo
License
25008859
Brokerage
Top Agency
Brokerage Phone
2532575253
Title
Real Estate Managing Broker
Name
Hena Cho
License
109245
Brokerage
Top Agency
Brokerage Phone
253-307-2244
Brokerage Address
25 North Broadway Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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