27000 Miller Bay Rd NE
Kingston, WA 98346
Retail Property For Sale

The property is ideally located at the signalized, hard corner intersection of Miller Bay Road NE and State Route 104 (20,500 VPD), adjacent to an Albertsons anchored center, providing top tier consumer draw, strong tenant synergy, and an ideal cross-over shopping environment. Rite-Aid is equipped with a drive-thru, providing ease and convenience for consumers. On average, stores with drive-thru's outperform those without. The property also benefits from its strategic location along State Route 104. Known as the “gateway” to Kitsap County, State Route 104 is the primary road from the Edmonds-Kingston Ferry, with over 4.1 million ferry riders annually. This ferry has the 2nd highest ridership out of the 10 Washington State ferries, and saw a 0.5% increase during the 2017 year. Rite Aid and the adjacent Albertsons contain the only pharmacies in an 8-mile trade radius, allowing the site to benefit from limited competition. The 7-mile trade area serves a population of nearly 39,000 residents with an affluent average household income of $96,000.