6104 Littlerock Rd SW · Tumwater, WA 98512 · QSR / Restaurant
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Kidder Mathews is pleased to present the exclusive offering of a newly constructed, Starbucks/BECUanchored, two-tenant retail pad building located within Kingwood Center at 6140 Littlerock Road SW in the City of Tumwater, Thurston County, Washington.
The property features a 4,571 square feet freestanding double drive-thru building situated on a 61,417 square feet parcel at the corner of Kingswood DR SW and Littlerock Road SW, a high-visibility retail corridor. The building is located within Kingswood Center, co-anchored by Chipotle, Valvoline, Wendy’s, a Tesla Charging Station and TownePlace Suites by Marriot. The property is surrounded by national retailers such as Home Depot, Walmart, Costco, Fred Meyer, and Safeway
Starbucks occupies 2,000 square feet and opened at this location in 2026 under a 10-year corporate-guaranteed NNN lease, with four 5-year renewal options and 10% rental increases every five years. With over 40,000 locations worldwide, Starbucks provides strong brand recognition and credit tenancy
BECU occupies 2,571 square feet and plans to open in 2nd quarter 2026 under a 10-year corporate guaranteed NNN lease, with two 5-year renewal options and 2% rental increases annually.BECU (Boeing Employees' Credit Union) is a member-owned, not-for-profit credit union based in Tukwila, Washington. Originally founded in 1935 for Boeing employees, it is now the largest credit union in Washington and one of the largest in the U.S., serving over 1.5 million members
Overall, the investment provides a stable, long-term income stream with minimal landlord responsibilities, making it an ideal opportunity for 1031 exchange buyers and passive investors.
The proper ty is fur ther suppor ted by strong demographics, including a 5-miles population exceeding 114,000 and an average household income over $94,000. Strategically located off Interstate 5, the site benefits from city limit position adjacent to both Olympia and Lacey. The infill location is surrounded by a diverse mix of residential neighborhoods, national retailers, and dining destinations, ensuring long-term tenant success.
This represents a rare opportunity to acquire a newly constructed building in a dynamic retail center, offering long-term passive income, built-in rent growth, and exceptional assets in a highly desirable market.
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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.