Northmarq is pleased to present the opportunity to acquire a recently redeveloped, corporate-leased Grocery Outlet (NASDAQ: GO) in Belfair, WA. The 17,356 SF Property—formerly a Rite Aid—was fully redeveloped to Grocery Outlet’s specifications and delivered to the tenant in May 2025, with rent commencement anticipated in October/November 2025. The 12-year NNN lease is backed by Grocery Outlet corporate, providing national credit strength, long-term income stability, minimal landlord responsibilities, and 10% rental increases in each option period. Situated along WA-3, Belfair’s primary commercial corridor, the Property benefits from excellent visibility and ±20,000 vehicles per day. Placer.ai data underscores strong grocery demand—the adjacent Safeway and QFC locations collectively see over 1.6 million annual visits—reflecting a robust and consistent customer base. The surrounding trade area features above-average household incomes exceeding $113,000 within five miles, projected population growth through 2030, and a retail vacancy rate of just 1.6%, signaling a highly constrained retail environment with strong demand for quality space. The Offering represents a rare opportunity to secure a mission-critical grocery asset, backed by Grocery Outlet corporate, in a high-barrier market with durable long-term fundamentals.