1000 6th St - Storefront Retail/Office FOR SALE
Bremerton, WA 98337 |
1000 6th St
Bremerton, WA 98337
HIGHLIGHTS
- Extensive 2019 Remodel: $3 million+ has been invested into renovating the property, including a new roof, parking lot, HVAC and extensive interior TI
- Strong National & Regional Anchors: Together, Starbucks and Kitsap Bank, occupy over 71% of the building and are on new 10- and 5-year lease terms
- New 10-Year Leases: Starbucks and Altman Law recently executed 10-year leases, creating long-term, stable cash-flow.
- Kitsap Bank Flagship Location: Kitsap Bank contributed $1 million+ towards their build-out, and benefits from low contract rent of $11.71/sf Gross
- High Traffic Corner Location: Positioned at the signalized intersection of two major arterials with combined traffic counts of 31,595 VPD
- Investor upside in leasing 4,222 sf of vacant basement space (not included in GLA calculations) ) as well as charging tenants for use of parking
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Bank, Restaurant, Storefront Retail/Office
TOTAL BUILDING SIZE
15078
STORIES
2
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
45
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
3743-001-001-00-03
