Kitsap Mall Silverdale, Washington Located in the Gateway to the Olympic Peninsula
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Kitsap Mall Kitsap Mall Silverdale, Washington Located in the gateway to the Olympic Peninsula PORT LUDLOW, WA Only enclosed regional shopping center within 40 miles Strong anchors with a focus on dining BAINBRIDGE ISLAND, WA and fashion BREMERTON, WA SEATTLE, WA Serves a captive residential market and growing number of visitors VASHON ISLAND, WA Serves Naval Base Kitsap with its 36,000 personnel, civilian employees, 10 MILES and contractors Kitsap Mall Silverdale, Washington Enclosed single-level regional mall Located in the heart of Silverdale, at Highways 3 and 303 In-demand tenants and a strong dining core Ferry system offers easy commute to Seattle Property Description major roads Highways 3 and 303 center description Enclosed, one-level center Macy’s, JCPenney, Kohl’s, Sears, Barnes & Noble, and Dick’s total sf 966,000 anchors Sporting Goods # of stores 100 key tenants Cost Plus World Market, TJ Maxx, Tuesday Morning, H&M, Michaels, American Eagle Outfitters, PINK, Buckle, Torrid, # of parking 3,700 Qdoba, Potbelly, Red Robin, and Buffalo Wild Wings THE CENTER THE MARKET STARWOOD Kitsap Mall “A natural setting for a wide range of adventure sports including world-class kayaking, cycling, running and mountain biking trails and events” — VisitKitsap.com THE CENTER THE MARKET STARWOOD Kitsap Mall One-stop shopping with six anchors, 80+ stores and adjacent open-air centers In-demand tenants include Dick’s Sporting Goods, H&M and TJ Maxx Ongoing remerchandising includes new dining and new-to-market specialty tenants A Captivating Center For A Captive Market 40 miles north of Tacoma and 1-hour Visible to 80,000+ vehicles on nearby ferry commute to Seattle roads Peninsula location provides captive Adjacent developments include big-box market retail, restaurants and entertainment THE CENTER THE MARKET STARWOOD Kitsap Mall THE CENTER THE MARKET STARWOOD Kitsap Mall Affluent, highly educated market A leader in the nation’s defense industry Maritime, aerospace, healthcare, emerging tech, and tourism also fuel the local economy Working Hard 6th largest naval base in US Highest concentration of engineers in the Seattle region Nearly 40,000 active duty, civil personnel and defense contractors Kitsap ranks #1 with best purchasing power in Washington (SMARTASSET) THE CENTER THE MARKET STARWOOD Kitsap Mall Distance to Competition Tacoma Mall Driving – 40 mi, 44 min The Trails at Silverdale NAVAL BASE KITSAP-BANGOR Driving – 0.5 mi, 2 min Uptown Gig Harbor Driving – 30 mi, 33 min Silverdale Way 13,500 AADT Westfield Southcenter Driving – 60 mi, 62 min The Trails at Silverdale Kitsap Mall Randall Way 11,500 AADT SILVERDALE Kitsap Mall Blvd 18,500 AADT 3 45,000 AADT 303 35,000 AADT Legend 32 MILES BREMERTON Westfield Southcenter Primary Trade Area (Seattle) Secondary Trade Area Competition Access Roads (AADT= annual average daily traffic) Uptown Gig Harbor Tacoma Mall 5 MILES (Gig Harbor) (Tacoma) THE CENTER THE MARKET STARWOOD Kitsap Mall EDMONDS Area Attractions Olympic National Park Kitsap Peninsula Clearwater Casino The Point Casino 3 NAVAL BASE Predominant Colleges KITSAP-BANGOR Olympic College (Enrollment: 13,000) Naval Base Kitsap Kitsap Mall Harrison Medical Center SILVERDALE Kitsap County Government Central Kitsap School District 303 Legend Primary Trade Area Secondary Trade Area Colleges Key Employers Olympic College WEST 5 MILES SEATTLE BREMERTON THE CENTER THE MARKET STARWOOD Kitsap Mall Demographics PTA1 STA2 TTA3 US Avg Population 2018 estimate 169,993 205,543 375,536 High-growth market with 2023 projection 178,501 215,960 394,461 nearly 20,000 more people % growth 2018–2023 5.0% 5.1% 5.0% 3.5% projected by 2023 Population White 78% 87% 83% 70% By Race Black 4% 1% 2% 13% Nearly 60% of employed Asian 6% 3% 4% 6% residents hold white collar Hispanic Ethnicity 9% 6% 7% 18% positions Median Age 38 48 44 38 1 in 3 households will earn % age 15-24 14% 11% 12% 14% $100,000+ by 2023 % age 25 to 44 27% 21% 23% 26% % age 45 to 64 24% 29% 27% 26% 70% home ownership Households 2018 estimate 67,474 88,369 155,843 2023 projection 71,411 93,520 164,931 2018 households with kids under 18 31% 26% 28% 34% Average 2018 estimate $83,592 $83,204 $83,372 $86,278 Household % earning $75,000+ 45% 40% 42% 40% Income 2023 projection $92,496 $90,305 $91,254 $95,107 Education % college educated 71% 70% 71% 59% 3-MILE 5-MILE 10-MILE 15-MILE Business & business establishments 2,021 3,091 10,082 16,151 Employment daytime employment 18,101 26,732 78,392 122,832 1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area THE CENTER THE MARKET STARWOOD Kitsap Mall Starwood Retail Partners 5th largest manager of regional malls in the US 30 malls and lifestyle centers, with locations in 11 of the top 20 DMAs 100 million+ combined annual visits $84,600 trade area average household income California Illinois North Carolina Metreon The Arboretum of South Barrington Northlake Mall Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Ohio Plaza West Covina The Promenade Bolingbrook Belden Village Mall Solano Town Center Franklin Park Mall Indiana Great Northern Mall Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Connecticut Hamburg Pavilion The Shops at Willow Bend Blue Back Square Michigan Virginia Kevin Cremer / Director, Leasing / 406.656.3398 / Florida Fairlane Town Center MacArthur Center [email protected] The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park Westland Mall Montana Washington Bill Cikalo / Senior Director, Big Box Leasing & Development / Georgia Rimrock Mall Capital Mall The Collection at Forsyth Kitsap Mall 312.283.5121 / [email protected] Nebraska Gateway Mall Jake Miller / Director, National Restaurant and Entertainment Leasing / 614.256.7385 / [email protected] Sources: The Nielsen Company (3/27/18), State Department of Transportation, State and Local Economic Development Resources Starwood Retail Partners 12/04/18 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Kitsap Mall.