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Southgate (North) Retail Center 5105-5109 Capitol Blvd SW 17,206 SF 91% Leased Retail Building Tumwater, WA 98501 $5,774,832 CAD ($335.63 CAD/SF) 6.90% Cap Rate
Investment Highlights
- Six (6) out of Eight (8) Retail Suites currently occupied - value-add potential
- South portion of retail center also available for sale (contact Brokers if interested)
- HVAC Systems recently replaced and new roof installed (2025).
Executive Summary
- Current Annual NOI: $290,000
- Six (6) out of Eight (8) Retail Suites currently occupied
- South portion of retail center also available for sale (Contact brokers if interested)
- Excellent visibility along a high-traffic corridor, featuring loyal, well-followed tenants and multiple value-add opportunities
- HVAC Systems recently replaced
- New Roof Installed 2025
- 81 parking stalls
- Four curb cuts on Capitol Blvd S
- Six (6) out of Eight (8) Retail Suites currently occupied
- South portion of retail center also available for sale (Contact brokers if interested)
- Excellent visibility along a high-traffic corridor, featuring loyal, well-followed tenants and multiple value-add opportunities
- HVAC Systems recently replaced
- New Roof Installed 2025
- 81 parking stalls
- Four curb cuts on Capitol Blvd S
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
17,206 SF
Building Class
C
Year Built
1972
Price
$5,774,832 CAD
Price Per SF
$335.63 CAD
Cap Rate
6.90%
NOI
$398,738 CAD
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
1.33 AC
Zoning
CBC
Parking
80 Spaces (4.65 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- All Star Tattoo
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- East India Grill
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| All Star Tattoo | Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| East India Grill | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,632,937 CAD | |
| Land Assessment | $2,650,397 CAD | Total Assessment | $5,283,334 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,650,397 CAD
Improvements Assessment
$2,632,937 CAD
Total Assessment
$5,283,334 CAD
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Southgate (North) Retail Center | 5105-5109 Capitol Blvd SW
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