4300 Wheaton Way, Bremerton, WA 98310
2,364 SF | 100% Leased | Retail Building | Bremerton, WA 98310 | $2,421,000 ($1,024/SF) | 4.75% Cap Rate
For Sale
Active
Asking Price $2,421,000
- Property Type
-
Retail
- Square Feet
- 2,364 SF
- Price / Square Foot
- $1,024
Listing Contacts
Blake Federinko
Brandi Ho
Michael Jenkins
- Property Info
Property Overview
MAJ Commercial Real Estate is excited to present an investment opportunity to acquire a single-tenant ground lease property in Bremerton, WA. This property is leased to Wendy’s on a brand new 20-year initial term that commenced on March 22, 2024. The lease features a 10% rent increase every five years, including during the tenant’s option periods, ensuring a steady and growing income stream. Situated within the newly revitalized Bremerton Station Shopping Center, Wendy’s benefits from a high-traffic location with prominent co-tenants such as Floor and Décor, Planet Fitness, Grocery Outlet, Chipotle, and Wilco.
Property Details
- Year Built
- 2024
- Stories
- 1
- Lot Size (sq. ft)
- 556,697 SF
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