Southgate Shopping Center (South)
Amazing opportunity to purchase a shopping center right off of I-5, Exit 102
Marketing description
Southgate Shopping Center presents a rare opportunity to acquire a high-visibility infill retail asset in one of the South Sound’s most active commercial corridors. The offering combines existing in-place income with near- and long-term redevelopment upside in a supply-constrained market.
The property currently generates income from established tenants while also offering significant near-term upside through vacancy lease-up, repositioning, and site optimization opportunities. Existing improvements are of an older vintage, creating flexibility for phased redevelopment, pad reconfiguration, or strategic modernization.
National Tenants and In-Place Income
Dollar Tree, O’Reilly’s Auto, Taco Bell, Jack-in-the-Box.
High-Visibility & access
Strong frontage along Capitol Boulevard visibility from I-5. Immediate access to I-5 at Trosper Road interchange.
Dominant Retail Hub
Near shopping centers that include Home Depot, Walmart, Costco and Fred Meyer.
Recent Infrastructure Improvements
New roundabouts enhancing access and traffic flow.
Zoning & Site Flexibility
Supports a range of retail or mixed-use outcomes. Zoned CBC (Capitol Boulevard Community).
Investment highlights
Property includes 42,000+/- SF retail space together with two restaurant drive-thru pad sites across six (6) parcels totaling 5.1 acres. Recent street frontage and interchange improvements completed. Good potential for future redevelopment.
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