Listed by MAJ Commercial Real Estate
$18,495,000
Bremerton Station
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 177,639
Cap Rate 5.15%
NOI $1,031,797
Tenancy Multi
Brand/Tenant Planet Fitness, Wilco
Lease Type NNN
Price per SqFt $112
Lot Size (SqFt) 10.38
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
Retail | 5.15% CAP | 177,639 SqFt
Marketing description
MAJ Commercial Real Estate is excited to present the opportunity to acquire a Multi- Tenant NNN Lease Investment located in Bremerton, WA. The property is leased to Wilco, Floor & Décor, Grocery Outlet, and Planet Fitness, all offering long-term stability with national and regional brand recognition. Bremerton Station is strategically positioned along Wheaton Way (State Route 303) and NE Riddell Road, one of the city’s major thoroughfares with approximately 80,744 vehicles per day at the intersection. The center benefits from strong nearby anchors and a dense residential population, with convenient access to Downtown Bremerton, the Puget Sound Naval Shipyard, and ferry services to Seattle.
Investment highlights
- Located in an Income Tax Free State
- Situated on one of the busiest intersections in Bremerton, WA (+/-80,744 VPD)
- Sale Price Per SF $113.12
Listing Contacts
Listed by MAJ Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,031,797.00
$85,983.08/mo
Valuation Metrics
0
DSCR
5.58%
Cap Rate
5.58%
ROI
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