Share This Listing

Message

942 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
177,639 SF
Building Class
A
Year Built/Renovated
1966/2017
Price
$18,495,000
Price Per SF
$104.12
Cap Rate
5.58%
NOI
$1,031,797
Percent Leased
81%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.39
Lot Size
10.38 AC
Zoning
CITY
Parking
450 Spaces (2.53 Spaces per 1,000 SF Leased)
Frontage
402’ on Riddell Rd

Amenities

  • Pylon Sign

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 55,045 SF
  • -
  • Triple Net
  • Apr 2039

Floor & Decor began in 2000 as a specialty retailer of hard-surface flooring and related products. The company offers tile, wood, laminate, vinyl, and natural stone, along with installation materials, decorative accessories, tools, and wall tile. Floor & Decor serves homeowners and professional contractors through a multi-channel business model that includes retail and commercial flooring distribution. The business has built a broad U.S. market presence around warehouse-style selection and everyday low prices.

  • Retailer
  • 23,885 SF
  • -
  • Triple Net
  • Apr 2036

Grocery Outlet began in 1946 in San Francisco as a closeout-focused food business founded by Jim Read. Grocery Outlet operates through a network of independently operated stores built around opportunistic buying and local store operators. The company sells quality, name-brand consumables and fresh products across grocery, produce, refrigerated and frozen foods, beer and wine, fresh meat, and household basics, with continued expansion and store activity across the United States.

  • Arts, Entertainment, and Recreation
  • 23,000 SF
  • -
  • Triple Net
  • Jan 2030

Planet Fitness began in 1992 in Dover, New Hampshire, where the company started as a local gym before evolving into a broader fitness concept. The business built its model around a low-cost, non-intimidating environment known as the Judgement Free Zone, aimed at making gym use more accessible to casual and first-time exercisers. Today, Planet Fitness operates as a major franchisor and operator of fitness centers, with clubs across the United States and several other markets, and it supports members through club access, digital workouts, and app-based tools. The company offers cardio and strength equipment, membership tiers, and free fitness instruction through small-group training programs.

  • Retailer
  • 37,000 SF
  • -
  • Triple Net
  • May 2033

Wilco traces its roots to Oregon farm cooperatives that began in the 1930s, and the modern cooperative took shape in 1967 through a merger of several local groups. Wilco serves farmer-owners and customers through farm stores, agribusiness support, and fuel services, with a business model built around supplies, expertise, and member ownership. Wilco continues to focus on agriculture and rural lifestyles across the Pacific Northwest while operating as a member-owned cooperative with retail and service divisions.

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
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Fred Meyer
Snap Fitness 24/7
Chase
Bank of America
WaFd Bank
Dutch Bros
Starbucks
Timberline Cross Fit
Rent-A-Center
United Rentals

Property Taxes

Property Taxes

Parcel Number
012401-2-182-2002
Land Assessment
$1,433,950
Improvements Assessment
$8,615,090
Total Assessment
$10,049,040
  • Listing ID: 38327030

  • Date on Market: 11/4/2025

  • Last Updated:

  • Address: 4321 Wheaton Way, Bremerton, WA 98310

Your message has been sent.
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}