KITSAP MALL ANCHOR OPPORTUNITY The Offering presents the opportunity to acquire a 120,088 SF anchor-scale retail box situated on its own parcel at Kitsap Mall, the dominant regional mall in the Kitsap Peninsula. The Property represents a rare owner-user opportunity as the only vacant retail box over 50,000 SF within a one-hour driving radius of the property, per ArcGIS. Formerly occupied by Macy’s, the Site benefits from its position within the highly visited mall and excellent access off Silverdale Way. While unpriced, the property is expected to trade well below replacement cost. Kitsap Mall generated over 5 million visits in 2025, ranking in the top 5% of malls nationally, according to Placer.ai. The subject parcel fronts Silverdale Way NW, which carries ±13,000 VPD and benefits from direct connectivity to the region’s primary retail and employment hub. The Mall has demonstrated its ability to successfully reposition legacy anchors, highlighted by WinCo Foods’ 2022 opening in the former Sears space. Multiple national retailers are in negotiations for pad sites around the mall. The former Macy’s closed in March 2025, creating a clean-slate redevelopment opportunity within a high-performing retail corridor.