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Investment Highlights

  • DOMINANT RETAIL CORRIDOR EXPOSURE
  • LOCATED WITHIN BREMERTON’S PRIMARY RETAIL HUB
  • DENSE & GROWING TRADE AREA
  • STRONG CONSUMER TRAFFIC & ACCESSIBILITY
  • FLEXIBLE RETAIL LAYOUT POTENTIAL
  • HIGH BARRIERS TO ENTRY FOR COMPETING RETAIL PRODUCT

Executive Summary

Northmarq presents a rare opportunity to acquire a highly visible retail asset located along the heavily trafficked State Highway 303 NE corridor in Bremerton, Washington. The property is strategically positioned within the city’s dominant retail hub, benefiting from immediate proximity to major anchors including Walmart Supercenter and Safeway. This prime location offers consistent consumer draw, driven by a concentration of national retailers and daily-needs shopping that fuels repeat traffic and tenant success.
Bremerton continues to experience significant population growth fueled by regional in-migration and its proximity to major employment drivers, yet new retail development remains extremely limited. The offering represents a compelling opportunity to secure a foothold in a high-growth, supply-constrained market, with strong fundamentals supporting long-term rent growth, tenant stability, and asset appreciation.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,004 SF
Building Class
C
Year Built
1994
Price
$1,530,000
Price Per SF
$152.94
Percent Leased
30%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.92 AC
Zoning
C- Commercial
Parking
44 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
127’ on wa-303 Hwy

Amenities

  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Finance and Insurance
  • -
  • -
  • -

Allstate began in 1931 as an insurance business launched by Sears, Roebuck and Co., and its early operations relied on mail-order auto coverage. Over time, the company expanded beyond auto insurance into home, renters, condo, motorcycle, boat, RV, life, business, identity protection, phone protection, retirement, and investment planning. Today, Allstate serves customers through digital self-service tools, local agents, and a broad set of protection products for vehicles, homes, families, and small businesses.

  • Finance and Insurance
  • -
  • -
  • -

Edward Jones began in 1922 as Edward D. Jones & Co., founded by Edward D. Jones Sr. in St. Louis, and the company built its early business around a branch-office brokerage model that brought local advice closer to individual clients. The company now focuses on financial advising and wealth strategies for individual investors, with services that include retirement planning, education savings, insurance needs, and personalized investment guidance. Edward Jones also offers investment accounts and products such as mutual funds, stocks, bonds, certificates of deposit, and banking and borrowing solutions, reflecting a broader mix of advisory and account services. The company continues to maintain a broad North American branch network and a client-centered model built around financial advisors and long-term planning.

  • Enchanted Fairies
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • Wholesaler
  • -
  • -
  • -

West Marine has been the premier retailer of boating, fishing, sailing and paddling gear for years. With hundreds of stores located in many states and Puerto Rico and an eCommerce website reaching domestic, international and professional customers, West Marine is recognized as a leading resource for cruisers, sailors, anglers and paddlesports enthusiasts. Throughout the years, West Marine has continued to rely on outstanding customer service, selection and quality as its anchor and that’s been the secret of its success.

Tenant Industry SF Occupied Rent/SF Lease End
Finance and Insurance - - -
Finance and Insurance - - -
Enchanted Fairies Professional, Scientific, and Technical Services - - -
Wholesaler - - -
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

Timberline Cross Fit
Starbucks
Safeway
United Rentals
TacoTime
Fred Meyer Fuel Center
Snap Fitness 24/7
Chase
Bank of America
WaFd Bank

Property Taxes

Property Taxes

Parcel Number
352501-1-072-2006
Land Assessment
$346,890
Improvements Assessment
$1,226,660
Total Assessment
$1,573,550
  • Listing ID: 40064381

  • Date on Market: 4/7/2026

  • Last Updated:

  • Address: 5971 State Highway 303 NE, Bremerton, WA 98311

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