19980 10th Ave NE | Poulsbo, WA 98370
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- LoopNet Team
19980 10th Ave NE
Poulsbo, WA 98370
Central Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Town & Country Market, the top-performing store in their six-store chain, drives consistent traffic to the center, supporting tenant success.
- Minimal landlord responsibilities as nearly all operating expenses are passed through to tenants.
- 6.25% cap rate on in-place NOI with average annual rent escalations averaging 3.2% provides built-in income growth.
- 100% leased to a diverse mix of service-based retail, medical, and financial providers, catering to strong demand in the market.
- Proximity to North Kitsap High School, Poulsbo Middle School, and multiple medical offices creates a strong daytime population that supports tenants.
- No single tenant occupies more than 20% of the center, ensuring diverse income sources. Weighted Average Lease Term (WALT) of 4.2 Years.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,193 SF
Building Class
B
Year Built
2004
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.34
Lot Size
1.24 AC
Zoning
C-3 - Retail / Office / General Commercial
Parking
65 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
200’ on 10th Ave
AMENITIES
- 24 Hour Access
- Bus Line
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Monument Signage
PROPERTY TAXES
| Parcel Number | 142601-1-038-2003 | Improvements Assessment | $3,834,850 |
| Land Assessment | $434,260 | Total Assessment | $4,269,110 |
PROPERTY TAXES
Parcel Number
142601-1-038-2003
Land Assessment
$434,260
Improvements Assessment
$3,834,850
Total Assessment
$4,269,110
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