3720 Pacific AveOlympia, WA 98501

This exceptional investment opportunity presents a 3,832 square foot, single-tenant restaurant located at 3720 Pacific Ave SE in Olympia, Washington, 98501. The property, built in 1971, sits on a 16,533 square foot lot and boasts a 7.50% cap rate with a current NOI of $72,000. The restaurant operates under a Net Lease (NNN) agreement, minimizing landlord responsibilities. The lease commenced September 1, 2013, and expires June 30, 2028, leaving approximately four years remaining. The tenant has demonstrated strong commitment by recently exercising a five-year lease option with built-in annual rent increases of $350. This translates to an average cap rate of 8.16% over the extended lease term, offering inflation protection for the investor. The property enjoys excellent visibility, situated along Pacific Ave SE, a major thoroughfare with over 22,000 vehicles passing daily. Its location within Olympia's main daily needs corridor ensures high foot traffic and benefits from proximity to other major retailers. The low vacancy rate (below 3%) in the surrounding submarket further underscores the property's strong investment potential. The asking price is $960,000. This is a single-story building with 100% occupancy.