Multi-Tenant Retail Center for
For Sale
Contact for pricing
Pending
5105 - 5109 Capitol Blvd South, Tumwater, WA 98501
Three 100% leased buildings across five parcels with frontage on Capitol Blvd and I-5.
Property SizeContact for details
Days on Market148
Property Features for 5105 - 5109 Capitol Blvd South
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
First Western Properties, Inc. Tacoma
Listed By:
Patric Grissom · License #WA
(253) 284-3635
Source:
Crexi
Added: Apr 11
Changed: Aug 26
Last Checked: Sep 4 at 6:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Western Properties, Inc. Tacoma
Investment Insights
Based on property information with market context.
SouthGate North Retail is a 1,005-leased, multi-tenant retail center on five parcels in Tumwater, Washington. The offering includes three buildings that are 100% occupied by a diverse mix of tenants. The property has been well-maintained and family-owned for many years, with long-term tenancy and historical high occupancy.
Positioned near the northern end of the Tumwater retail corridor on Capitol Boulevard, the center provides frontage on Capitol Blvd and Interstate 5. Nearby retailers include Walmart, Costco, Fred Meyer, Dollar Tree, and Starbucks, and the property is located just south of the State Capitol building.
All leases include annual rent increases of at least two percent. The current tenant roster reflects a mix that has continued operating through the pandemic period, according to the remarks.
Positioned near the northern end of the Tumwater retail corridor on Capitol Boulevard, the center provides frontage on Capitol Blvd and Interstate 5. Nearby retailers include Walmart, Costco, Fred Meyer, Dollar Tree, and Starbucks, and the property is located just south of the State Capitol building.
All leases include annual rent increases of at least two percent. The current tenant roster reflects a mix that has continued operating through the pandemic period, according to the remarks.
Key Highlights
- SouthGate North Retail is a 100% leased, multi‑tenant retail center in Tumwater, Washington.
- Three buildings with retail tenants across five parcels with frontage on Capitol Blvd and Interstate 5.
- Located near the northern end of the Tumwater retail corridor on Capitol Boulevard, just south of the State Capitol building.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98501, WA
45,274
Population
19,969
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,297
Density / Sq Mi
$95,695
Median Household Income
$55,909
Median Earnings
$1,600
Median Rent
$485,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Three 100% leased buildings across five parcels with frontage on Capitol Blvd and I-5.
Where is this shopping center located?
The property is located at 5105 - 5109 Capitol Blvd South Tumwater, WA.
What are key features of this property?
This property features: SouthGate North Retail is a 100% leased, multi‑tenant retail center in Tumwater, Washington.; Three buildings with retail tenants across five parcels with frontage on Capitol Blvd and Interstate 5.; Located near the northern end of the Tumwater retail corridor on Capitol Boulevard, just south of the State Capitol building.
