4117 Kitsap Way
Bremerton, WA 98312
Rite-Aid · Retail Property For Sale

Marcus & Millichap has been selected to exclusively market for sale the Rite Aid located at 4117 Kitsap Way in Bremerton, Washington. The property consists of a 17,272 square-foot building situated on a 2.55-acre parcel. Built in 2006, the building offers a rare, double drive-thru with abundant parking and convenient access via multiple points of ingress/egress from Highway 310 and National Avenue. The asset sits on a highly visible corner with combined traffic counts in excess of 43,500 vehicles per day. The original 20-year, NNN lease offers minimal landlord responsibilities and benefits from a corporate guarantee by the Rite Aid Corporation. Additionally, the lease provides for scheduled rent increases of approximately 3% throughout each of the six 5-year renewal options. CHI Franciscan Hospital recently announced it will be opening a new, 26,000 square foot medical clinic adjacent to Rite Aid at 4207 Kitsap Way in Bremerton. The facility will house the largest collection of primary care providers in the entire Kitsap Peninsula, and is anticipated to bring in up to 30,000 visitors annually. The new facility is slated to open in May of 2020. Additionally, CHI also announced it has leased an adjacent 21,000 square foot space, which it plans to open an urgent care facility in the future.