sign in sign up
<<
Home , Taco Bell, Taco del Mar

w

Click For Drone Footage

Two Free Standing Buildings

7058 & 7150 WA-303 | BREMERTON, WA PRICE: $3,350,000 | CAP: 5.37% INVESTMENT OFFERING EXECUTIVE SUMMARY PRICE: CAP: NOI: $3,350,000 5.37% $179,548

7058 & 7150 WA-303 LOCATION: Bremerton, Washington Bell: ±2,085 SF BUILDING SIZE: /: ±2,872 SF

LAND SIZE: ±1.07 Acres

GUARANTOR: *

LEASE TYPE: Absolute NNN

LEASE EXPIRATION: * : 2018 YEAR BUILT: Taco Del Mar/Quiznos: 2003

LESSEE: *

OPTIONS: *

INCREASES: *

ROFR: None *See Page 3 ALL PHOTOS TAKEN SEPT. 24TH 2019 TACO BELL & 2 TENANT BUILDING | BREMERTON, WA RETAIL INVESTMENT GROUP PROPERTY OVERVIEW

Retail Investment Group is pleased to be the exclusive listing agent for the Taco Bell and Taco Del Mar/Quiznos property in Bremerton, Washington. The property is surrounded by single-family homes, Olympic Village Apartments and numerous retailers and churches. Some of those retailers include: , McDonald’s, Walmart, Safeway, Walgreens, , Les Schwab Tire Center, Central Valley Garden Supply and Subject Properties Chevron. This Taco Bell is ±0.5 miles from the Kitsap Tennis and Athletic Center and ±1 mile from Esquire Hills Elementary School and Bremerton Skateland. The Taco Bell offers an Absolute NNN Lease, while the Quizno’s/ Taco Del Mar offers an NNN lease.T aco Bell offers 4 (5)Y ear Options and Quizno’s/Taco Del Mar offers 1 (5) Year Option. Both are located on the WA- 303 HWY seeing more than ±33,000 vehicles per day. These properties are located ±15 miles from WA, the 18th most populous city in the US with more than ±724,700 people. D VP Investment Highlights 9 559 55 33, 33, ± • Leases are NNN ± • Taco Bell is a Brand New 23-Year Sale Leaseback at COE with (4) 5-Year Options • Located on Busy HWY 303 which sees more than ±33,000 VPD • Located ±15 miles from Seattle, Washington (more than ±724,700 in population) • Taco Bell - Brand New Building Built in 2018 Taco Del Mar/ Quiznos Built in 2003

TACO BELL & 2 TENANT BUILDING | BREMERTON, WA ABOUT BREMERTON

Bremerton is known as a beautiful harborside city home to ±41,235 people, and is part of the Bremerton-Silverdale MSA which is home to a combined ±269,805 people. Bremerton is east of the Olympic Mountains and less than an hour ferry ride from downtown Seattle. The Port of Bremerton Marina has over 300 boat slips. The popular Arts District found along the water has attractions like the Puget Sound Navy Museum, USS Turner Joy, PSNS Memorial Plaza and the boardwalk. Across the Manette Bridge there are numerous , cafes and places to shop. Bremerton has numerous parks including Harborside Fountain Park, Kitsap Lake Park, Lions Park, Evergreen Rotary Park and Lent Landing Park. The Gold Mountain Golf Course consists of two 18 hole championship courses which has hosted multiple NCAA events and more. The Kitsap County Naval Base is by far the city’s largest employer followed by Harrison Medical Center.

Bremerton frequently has local events such as First Friday Art Walk at the Bremerton Arts District, community farmers markets and organized inlet cleanups. Bremerton also has live shows at the Admiral Theatre, Bremerton Community Theatre, Bremerton Symphony, Kitsap Opera and the Peninsula Dance Theatre for those interested in performing arts. The City is known for it’s local charm and frequently draws visitors from all over the Greater Seattle area.

TACO BELL & 2 TENANT BUILDING | BREMERTON, WA RETAIL INVESTMENT GROUP RENT SCHEDULE

7058-7150 WA-303 Bremerton, Washington Tenant Brand Lease Start Lease Expiration Lease Rate Lease Type CAM Expenses NOI Options

*Orchard Foods Taco Bell Close of Escrow 01/31/2043 $120,000 Absolute NNN $0 $120,000 4 (5) Year Options

**PRAHB Inc. Quiznos 09/01/2010 08/31/2020 $39,000 NNN $9,228 $29,772 1 (5) Year Option

**PRAHB Inc. Taco Del Mar 09/01/2010 08/31/2020 $39,000 NNN $9,228 $29,772 1 (5) Year Option

Total $198,000 $18,457 $179,543

Notes *Brand new 23 year sale leaseback to commence at close of escrow. 6 unit guarantee from Orchard Foods **Expenses cover alarm, building maintenance, garbage, insurance, property tax, and Owner’s Association Dues

TACO BELL & 2 TENANT BUILDING | BREMERTON, WA RETAIL INVESTMENT GROUP AERIAL MAP

Subject Property

D

P

Central Kitsap 9 V

School District 3,55

±3

WSDOT Park & Ride ABOUT THE TENANTS

Taco Bell is the nation’s leading Mexican-inspired The little sub shop that began in 1981 in , Taco Del Mar started in 1992 when brothers James quick service (QSR) brand. They Colorado still has the same bold ideas that we had and John Schmidt opened the first restaurant in serve made-to-order and customized and in the beginning. They believe food should taste Seattle, Washington. The brand has now expanded , among other craveable choices, and great and only the highest quality ingredients to have over 260 locations in the are the first QSR restaurant to offer American should be used to create the perfect lunch. Known and and is headquartered in Lynwood, Vegetarian Association (AVA)-certified menu for making each toasted to perfection, Washington. items. Taco Bell and more than 350 franchise Quiznos believes this method creates a more organizations operate nearly 6,500 restaurants flavorful sandwich when compared to their cold Taco Del Mar is inspired by the Coastal Mexican across the United States that proudly serve about competitors. You can’t fake quality. No mystery Cuisine of Baja California in . The Baja 40 million customers every week. meat – Quiznos uses butcher-quality meats, all- attitude is about keeping it simple, fresh and natural cheeses, chef-designed signature sauces carefree. Baja style Coastal is At Orchard Foods, the standard is excellence. and toasted artisan bread. all about light, flavorful tastes and natural heat Founded in 1988, Orchard Foods opened their first from peppers like jalapeños and habaneros. At store in 1988, and has since acquired a total of 20 Today, Quiznos is one of the most beloved brands Taco Del Mar the menu features fresh ingredients, stores, eventually selling several to arrive at it’s in the $21 billion sandwich industry, with millions delicious guacamole, and slow-cooked meats current size of 12 stores. The company plans on of devoted fans across the nation. With over 750 like braised chicken and pulled port carnitas. Pair expanding and building 4 or 5 additional stores in locations around the world, each individually their legendary burritos and iconic Baja fish tacos the coming years. owned and operated, Quiznos is focusing on a with their signature white sauce, mango salsa or national expansion campaign with a plan to grow house made pico de gallo for a lunch or dinner by hundreds of locations in the coming years. that is sure to satisfy.

TACO BELL & 2 TENANT BUILDING | BREMERTON, WA RETAIL INVESTMENT GROUP AERIAL MAP

Edmonds ±15 Miles

Seattle

Subject Property Manchester

Bremerton

Port Orchard

TACO BELL & 2 TENANT BUILDING | BREMERTON, WA RETAIL INVESTMENT GROUP ADDITIONAL PHOTOS

ALL PHOTOS TAKEN SEPTEMBER 2019 TACO BELL & 2 TENANT BUILDING | BREMERTON, WA RETAIL INVESTMENT GROUP SITE SURVEY

Survey Overlay is Approximate, Buyer to Verify All Information 2019 DEMOGRAPHICS

s iu d a R s e l iu i d M a - R 5 le i s diu M a - R 3 e l

i

M

- 1

Seattle Bremerton

1-Mile 3-Mile 5-Mile 1-Mile 3-Mile 5-Mile VEHICLES PER DAY 2010 Population 6,617 44,229 103,522 2010 Households 2,508 17,508 40,731 State Hwy 303 NE ±34,590/VPD 2019 Population 7,005 44,925 108,816 2019 Households 2,675 17,691 42,887 NE Fairgrounds Rd ±9,132/VPD 2024 Population 7,484 47,669 116,711 2024 Households 2,841 18,775 45,823 NE McWilliams Rd ±6,550/VPD TACO BELL & 2 TENANT BUILDING | BREMERTON, WA RETAIL INVESTMENT GROUP and physical information to prospective Group has not verified, and will not verify, any of Confidentiality purchasers, and to establish only a preliminary the information contained herein, nor has Retail level of interest in the subject property. The Investment Group conducted any investigation information contained herein is not a substitute regarding these matters and makes no warranty & Disclaimer for a thorough due diligence investigation. or representation whatsoever regarding the accuracy or completeness of the information Retail Investment Group has not made any provided. investigation, and makes no warranty or representation with respect to the income or All potential buyers must take appropriate The information contained in the following expenses for the subject property, the future measures to verify all of the information set offering memorandum is proprietary and projected financial performance of the property, forth herein. Prospective buyers shall be strictly confidential. It is intended to be reviewed the size and square footage of the property and responsible for their costs and expenses of only by the party receiving it from Retail improvements, the presence of absence of investigating the subject property. Investment Group and it should not be made contaminating substances, PCBs or asbestos, available to any other person or entity without the compliance with local, state and federal The information contained herein has been the written consent of Retail Investment Group. regulations, the physical condition of the obtained from the owner of the property or improvements thereon, or financial condition from other sources we deem reliable. We By taking possession of and reviewing the or business prospects of any tenant, or any have no reason to doubt its accuracy, but we information contained herein the recipient tenant’s plans or intentions to continue its do not guarantee it. agrees to hold and treat all such information in occupancy of the subject property. Additional the strictest confidence. The recipient further information and an opportunity to inspect the If you have no interest in the Property, please agrees that recipient will not photocopy or Property will be made available upon written return this Investment Offering Memorandum duplicate any part of the offering memorandum. request to interested and qualified prospective to Retail Investment Group, LLC. If you have no interest in the subject investors. property, please promptly return this offering 8255 E Raintree Drive #100 memorandum to Retail Investment Group. The information contained in this offering Scottsdale, AZ 85260 This offering memorandum has been prepared memorandum has been obtained from sources T 480.429.4580 E [email protected] to provide summary, unverified financial we believe reliable; however, Retail Investment www.retail1031.com

TACO BELL & 2 TENANT BUILDING | BREMERTON, WA RETAIL INVESTMENT GROUP contact us

8255 East Raintree Drive Suite 100 Scottsdale, Arizona 85260 480.429.4580 | www.retail1031.com