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Southgate North Retail Center

5105, Capitol Blvd, Tumwater, WA 98501
$4,100,000

Description

Southgate North Retail Center (Status: Pending)

5105, Capitol Blvd, Tumwater, WA  98501

Located near the northern end of the Tumwater retail corridor on Capitol Boulevard, Southgate North Retail consists of 5 parcels of land with plenty of frontage on Capitol Blvd. and Interstate 5. Nearby tenants include Walmart, Costco, Fred Meyer, Dollar Tree and Starbucks. The center is located just south of the State Capitol building. The offering consists of three buildings which are 100% occupied by a diverse mix of tenants that were able to successfully navigate the pandemic. Historically high occupancy and long-term tenants provide stability. Several tenants are below market rent creating upside in future rental rate increases, and all leases contain annual rent increases of at least two percent. The property has been well-maintain and family-owned for many years.

Listing Details

Asset Class: Retail
Year Built: 1964
Building Total Square Feet: 17366
Available Lease Space Square Feet: 17366
Number of Floors: 1
Total Parking Spaces: 100
Local Zoning Information: General Commercial

CBA

Listing Courtesy of: First Western Properties – Tacoma, Inc.

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 5105, Capitol Blvd, Tumwater, WA 98501
  • City: Tumwater
  • State/county: WA
  • Zip/Postal Code: 98501
  • Neighborhood: Not Assigned
  • Country: United States

Detail

Updated on June 26, 2022 at 1:37 am

  • Property ID: 653447
  • Price: $4,100,000.00/For Sale
  • Property Size: 17366 Sq Ft
  • Property Type: Retail
  • Property Status: Pending

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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