5203 Capitol Boulevard South Tumwater, WA 98501

Listing office The Rants Group c***@rantsgroup.com Show Phone

Listing date May 14, 2026

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Investment Insights

Based on property information with market context.

Southgate Shopping Center offers the opportunity to acquire a high-visibility retail asset in an active commercial corridor. The property generates income from established tenants and offers near-term upside through vacancy lease-up, repositioning, and site optimization. Existing improvements are of an older vintage, creating flexibility for phased redevelopment, pad reconfiguration, or strategic modernization. National tenants include Dollar Tree, O’Reilly’s Auto, Taco Bell, and Jack-in-the-Box. The property has frontage along Capitol Boulevard and visibility from I-5, with immediate access to I-5 at the Trosper Road interchange. It is located near shopping centers that include Home Depot, Walmart, Costco, and Fred Meyer. Recent infrastructure improvements include new roundabouts enhancing access and traffic flow. The zoning is CBC (Capitol Boulevard Community), which supports a range of retail or mixed-use outcomes.

Key Highlights

• High‑visibility location with strong frontage on Capitol Boulevard and visibility from I‑5.
• Immediate access to I‑5 via the Trosper Road interchange.
• In‑place income from national tenants including Dollar Tree, O’Reilly’s Auto, Taco Bell, and Jack‑in‑the‑Box.

Property Analytics

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FAQs

What type of property is this?

Shopping center - Infill retail asset with redevelopment potential in active commercial corridor.

Where is this shopping center located?

The property is located at 5203 Capitol Boulevard South Tumwater, WA.

What is the asking price?

The asking price for this property is $11,000,000.

What are key features of this property?

This property features: High‑visibility location with strong frontage on Capitol Boulevard and visibility from I‑5.; Immediate access to I‑5 via the Trosper Road interchange.; In‑place income from national tenants including Dollar Tree, O’Reilly’s Auto, Taco Bell, and Jack‑in‑the‑Box.