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6432 State Highway 303 NE 15,000 SF Retail Building Bremerton, WA 98311 $3,000,000 ($200/SF)

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INVESTMENT HIGHLIGHTS

  • Property is situated on a large parcel of land
  • High traffic counts on Hwy 303 NE McWilliams
  • Located on a hard corner, signalized intersection
  • Current tenant is vacating August 2025

EXECUTIVE SUMMARY

Kidder Mathews is pleased to present the opportunity to purchase or lease the former Walgreens owner/user retail building, located in rapidly growing Bremerton, WA.

PROPERTY FACTS Under Contract

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,000 SF
Building Class
B
Year Built
2001
Price
$3,000,000
Price Per SF
$200
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.99 AC
Zoning
C
Parking
55 Spaces (3.67 Spaces per 1,000 SF Leased)
Frontage
264’ on State Highway 303

AMENITIES

  • Bus Line
  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

NEARBY MAJOR RETAILERS

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
252501-3-071-2005
Land Assessment
$437,760
Improvements Assessment
$2,203,160
Total Assessment
$2,640,920
  • Listing ID: 35506836

  • Date on Market: 4/16/2025

  • Last Updated:

  • Address: 6432 State Highway 303 NE, Bremerton, WA 98311

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