The Offering is a 2023 construction single-tenant ground lease to a large Wendy’s franchisee that operates 90+ restaurants. The Property is structured on a 20-year absolute net ground lease with 10% increases every 5-years. Each of the 4, 5-year options also include 10% increases. The site sits on Highway 310, a major local thoroughfare that receives average daily traffic of over 37,000 vehicles per day. Bremerton is a stable, growing economy anchored by the Puget Sound Naval Shipyard which employs over 14,000 individuals.