Prime Retail Redevelopment at Trosper & Capitol
78,290 SF retail redevelopment assemblage assemblage in Tumwater.
Marketing description
Presenting a prime retail redevelopment assemblage located at 211 Trosper Road SW and 5301 and 5403 Capitol Boulevard SE in Tumwater, Washington. This property is situated at the heavily trafficked intersection of Trosper Road SW and Capitol Boulevard SE, providing exceptional exposure directly off the Interstate 5 interchange. The site sits along a main corridor leading to regional anchors such as Costco and Fred Meyer, and it is immediately adjacent to established brands including Starbucks and Burger King.
The offering consists of three contiguous parcels totaling 78,290 square feet (1.80 acres) of land zoned for General Commercial use. The site currently features approximately 7,800 square feet of existing metal warehouse structures alongside a secured yard. Buyers have the flexibility to utilize the existing buildings for immediate operations or execute a full redevelopment plan. The high-traffic hard corner location is well-suited for national retail, quick-service restaurants, or mixed-use projects.
The property benefits from a strong local demographic and significant daily traffic, with Trosper Road SW seeing over 22,385 vehicles per day just east of the interchange. Within a three-mile radius, the area has 53,191 residents, an average household income approaching $100,000, and over $761 million in annual consumer spending. This local consumer base is projected to grow an additional 5.91 percent by 2029, while the broader five-mile trade area encompasses 130,812 residents.
Investment highlights
Prime Location and Unmatched Exposure
- High-Visibility Hard Corner: The assemblage is located at the heavily trafficked intersection of Trosper Road SW and Capitol Boulevard SE in Tumwater, Washington.
- Immediate Freeway Access: The site is situated directly off the Interstate 5 interchange.
- Strategic Corridor Placement: It offers exceptional exposure along the main corridor leading to major regional anchors like Costco Wholesale and Fred Meyer.
- National Brand Proximity: The property is positioned immediately adjacent to established brands such as Starbucks and Burger King. The surrounding area also features prominent retailers including Taco Bell, Jack in the Box, and Dollar Tree.
Redevelopment Potential and Site Flexibility
- Substantial Land Area: The offering includes three contiguous parcels totaling 78,290 square feet, or 1.80 acres of land.
- Favorable Zoning: The property is zoned GC (General Commercial), which supports a wide variety of commercial applications.
- Existing Infrastructure: The site features existing metal warehouse structures totaling approximately 7,800 square feet, along with a secured yard.
- Versatile Investment Strategies: Buyers can utilize the existing buildings for immediate operations. Alternatively, investors have the flexibility to execute a full redevelopment plan tailored for national retail, quick-service restaurants, or mixed-use projects.
Robust Traffic and Regional Demographics
- High Vehicle Counts: The property is positioned in a high-traffic retail corridor, with Trosper Road SW seeing over 22,385 vehicles per day just east of the interchange.
- Strong Local Consumer Base: The immediate 3-mile radius features 53,191 residents. This local demographic generates over $761 million in annual consumer spending.
- High Earning Power: The average household income within the immediate 3-mile radius approaches $100,000.
- Projected Growth: The local consumer base is projected to grow another 5.91% by 2029.
- Expansive Trade Area: The broader 5-mile trade area already encompasses a population of 130,812 residents.
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