Port Orchard Shopping Center

Highlights

• Significant Lease-Up Potential Exceptional value-add opportunity and immediate upside through lease-up of vacancies, offering a potential increase in NOI of 74%.
• High-Quality Anchor Tenant Excellent anchor tenant with long lease term remaining and strong brand recognition, ensuring investment stability and strong customer draw to the Center.
• Below-Market Anchor Rent Bi-Mart rent is below-market, making the income replaceable and offering additional security to the investment.
• Attractive Pricing Metrics Very low price per square foot and far below replacement value.
• Prime High-Traffic Location Prominently located at the intersection of two major arterials that create one of the busiest intersections in Port Orchard with 24,758 vehicles per day.
• Affluent and Growing Demographics Phenomenal shift in the demographic profile with average household income of $122,000 within a 15-minute drive - this reflects an increase of 26% since 2022.
• Major Residential Development Pipeline Booming multi-family housing redevelopment occurring in Port Orchard with 3,710 new units expected.
• Tenant Brand Loyalty Excellent online reviews for the tenants, suggesting strong customer followings and long-term stability of the tenants.
• Complementary Retail Synergy Strong performing adjacent traffic drivers and national credit tenants, ensuring that the intersection remains a long-term primary retail hub.

Location

Getting Around

• Walk Score ®

  58/100 Somewhat Walkable

• Bike Score ®

  24/100 Somewhat Bikeable

Points of Interest