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Bremerton Station 4321 Wheaton Way 177,639 SF 100% Leased Retail Building Bremerton, WA 98310 $19,925,000 ($112.17/SF) 5.18% Cap Rate



EXECUTIVE SUMMARY
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.
PROPERTY FACTS
AMENITIES
- Pylon Sign
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
Floor & Decor is a leading specialty retailer and commercial flooring distributor of hard-surface flooring, offering what they believe to be the industry’s broadest in-stock selection of tile, wood, laminate, vinyl, and natural stone flooring. In addition, Floor & Decor stocks the necessary tools, decorative materials and related accessories for one-stop shopping for hard-surface flooring projects. Floor & Decor sources directly from manufacturers around the globe to bring the world’s best and most-innovative flooring to its customers, at everyday low prices. Its large, warehouse-format stores typically stock many products. The company was founded in 2000 and is headquartered in Atlanta, Ga.
They are a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold through a network of independently owned and operated stores. Each of their stores offers a fun, treasure hunt shopping experience in an easy-to-navigate, small-box format. An ever-changing assortment of “WOW!” deals, complemented by everyday staple products, generates customer excitement and encourages frequent visits from bargain-minded shoppers. Their flexible buying model allows them to offer quality, name-brand opportunistic products at prices significantly below those of conventional retailers. Entrepreneurial independent owner-operators (IOs) run their stores and generally live in the community that they serve, creating a neighborhood-feel through personalized customer service and a localized product offering.
Planet Fitness was founded in 1992, in Dover, NH. In the beginning, it operated much like every other gym in its small hometown and catered to the same small percentage of the population in the U.S. who worked out and belonged to a health club. Today, Planet Fitness has become one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. With locations in all 50 states and around the World, Planet Fitness has continued to spread its unique mission of enhancing people’s lives by providing an affordable, high-quality fitness experience in a welcoming, non-intimidating environment.
The largest agricultural supply cooperative in the Pacific Northwest. With over 3000 grower-members and over 100,000 customers, Wilco's been in business with Retail Farm Stores, Bulk Fuel Services, and Agronomy services since 1967. Wilco has a strong commitment to the Wilco Core Values and local communities. They strive to be a progressive and innovative coop in the great Pacific Northwest. With Agronomy Centers, Farm Stores, and Bulk Petroleum, they are here to help with everyone's agriculture needs. Wilco serves consumers as well as growers through 26 locations including 18 Farm Stores carrying everything from fencing and feed to pet supplies and work clothing. Their full-service agronomy centers serve major grower/farmers in the northwest with consulting services, crop protection, and crop nutrients through a team of highly skilled full-time agronomists.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Retailer | 55,045 SF | - | Triple Net | Apr 2039 | |
|
Retailer | 23,885 SF | - | Triple Net | Apr 2036 | |
|
Arts, Entertainment, and Recreation | 23,000 SF | - | Triple Net | Jan 2030 | |
|
Retailer | 37,000 SF | - | Triple Net | May 2033 |
NEARBY MAJOR RETAILERS
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Bremerton Station | 4321 Wheaton Way
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