4117 Kitsap Way
Bremerton, WA 98312

The subject property consists of a 17,272 sf building situated on a 2.57 acre parcel of land at the hard, signalized corner of Kitsap Way and National Ave. North. The Rite Aid has an astounding ~400ft of frontage on Kitsap Way, the length of which is lined with attractive landscaping. The property has full movement ingress/egress from both Kitsap Way and National Ave. North. With it's reciprocal easement with the neighboring property owner immediately west of the site, the Rite Aid has a total of five (5) collective access points. With a parking field to satisfy 67 vehicles and a double lane drive-thru, the subject property possesses superior fundamental location qualities to that of the competing Walgreens to the east. Built in 2007, the property is subject to an original 20-year lease term with an expiration date of January 30th, 2027. The lease is NN with limited landlord responsibilities (roof and structure). The subject property is surrounded by viable economic drivers and national retail tenants. Immediately west of the property a large, mixed use project Bay Vista is currently under various stages of construction including nine (9) three-story buildings containing 216 new apartments and a community center. A recent traffic study conducted by the city of Bremerton indicated that this phase of the project will generate 1,433 new trips along Kitsap Way on weekdays. The overall project includes commercial (recently constructed WinCo Grocery, new Carl's Jr.), residential, multi-family, senior housing, open park space and other public facilities. Other immediate area tenants include: Newly constructed Starbucks adjacent to the subject property, 24-hour WinCo Grocery Store, Jack in the Box, Walgreens, Safeway Grocery, Denny's McDonald's, Taco Bell and Verizon to name a few. Less than 2 miles away from the property sits Naval Base Kitsap and its more than 36,000 active personnel. Bremerton is also home to the Puget Sound Naval Shipyard and is a rapidly growing bedroom community to Seattle, WA.