Bremerton Station by Blake Federinko

CONFIDENTIALITY DISCLAIMER

This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the MAJ Commercial Real Estate affiliate or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

Property Summary

Wilco Lease Summary

Wilco Rent Schedule

Floor and Décor Lease Summary

Floor and Décor Rent Schedule

Grocery Outlet Lease Summary

Grocery Outlet Rent Schedule

Planet Fitness Lease Summary Planet Fitness Rent Schedule

MAJ COMMERCIAL REAL ESTATE

MAJ Commercial Real Estate is excited to present the opportunity to acquire a Multi- Tenant NNN Lease Investment located in Bremerton, WA. The property is leased to Wilco, Floor & Décor, Grocery Outlet, and Planet Fitness, all offering long-term stability with national and regional brand recognition. Bremerton Station is strategically positioned along Wheaton Way (State Route 303) and NE Riddell Road, one of the city’s major thoroughfares with approximately 80,744 vehicles per day at the intersection. The center benefits from strong nearby anchors and a dense residential population, with convenient access to Downtown Bremerton, the Puget Sound Naval Shipyard, and ferry services to Seattle.

PROPERTY ADDRESS:

TENANTS:

4321 Wheaton Way, Bremerton, WA 98310

Wilco, Floor and Décor, Grocery Outlet and Planet Fitness

LEASE TYPE: NNN

Wilco: 2017

Floor and Décor: 2024

Located in an Income Tax Free State

YEAR BUILT:

BUILDING SIZE:

Grocery Outlet: 2024

Planet Fitness: 2014

Wilco: ±37,000 SF

Floor and Décor: ±55,045 SF

Grocery Outlet: ±23,885 SF

Planet Fitness: ±23,000 SF

TOTAL BUILDING SF: ±177,639 SF

LAND SIZE: ±10.38 Acres

OWNERSHIP TYPE: Fee Simple

Situated on one of the busiest intersections in Bremerton, WA (+/-80,744 VPD) Sale Price Per SF $113.12

LEASE SUMMARY

LEASE GUARANTOR: Wilco Farm Store

NUMBER OF LOCATIONS: 25+ Stores

HEADQUARTERS: Mt. Angel, OR

WEBSITE: www.wilco.coop

PROPERTY ADDRESS:

4330 Wheaton Way

Bremerton, WA 98310

GUARANTOR:

Wilco Farmers, an Oregon cooperative, d/b/a Wilco

SQUARE FOOTAGE:

±37,000 SF

LEASE EXPIRATION DATE: 5/31/2033

EXTENDED TERMS: Three, 5-Year Options

LEASE TYPE: NNN

LANDLORD RESPONSIBLE: Roof and Structure

COMMENCEMENT DATE: 06/01/2018

MANAGEMENT FEE: 5% of CAM’s

Wilco is a farmer-owned cooperative based in the Pacific Northwest, offering farm supplies, pet products, garden tools, hardware, and rural lifestyle items. Founded in Oregon, it has grown into a trusted retail chain that serves both largescale agricultural producers and suburban homeowners. Its stores are known for friendly, knowledgeable staff and a wide selection tailored to rural living, making it a reliable stop for everything from fencing to feed.

What sets Wilco apart is its deep commitment to community values and education. The company regularly supports local youth programs like 4-H and FFA and hosts farm-focused events to engage and support its customers. As a cooperative, profits go back to its members, reinforcing its focus on local benefit and customer loyalty.

LEASE SUMMARY

LEASE GUARANTOR: Floor & Décor

NUMBER OF LOCATIONS: 260+

HEADQUARTERS: Atlanta, GA

WEBSITE: www.flooranddecor.com

PROPERTY ADDRESS:

4342 Wheaton Way Bremerton, WA 98310

GUARANTOR:

Floor and Décor Outlets of America, Inc. a Delaware Corporation

SQUARE FOOTAGE: ±55,045 SF

LEASE EXPIRATION DATE: 4/30/2039

EXTENDED TERMS: Eight, 5-Year Options

LEASE TYPE: NNN

COMMENCEMENT DATE: 4/18/2024

MANAGEMENT FEE: $500.00 per month

Floor & Décor is a specialty retailer offering a vast selection of hard surface flooring like tile, wood, laminate, and stone at competitive warehouse prices. Based in Atlanta, it operates large-format stores across the U.S. that cater to homeowners, DIYers, and professional contractors. Each location is designed to offer immediate product availability with a hands-on shopping experience.

The company sources materials directly from manufacturers, allowing it to offer high-quality products at lower costs than traditional retailers. Floor & Décor also provides design consultations, installation tools, and how-to support, making it a one-stop shop for renovation projects of all sizes. Its focus on value and variety continues to fuel rapid expansion.

LEASE SUMMARY

LEASE GUARANTOR: Grocery Outlet

NUMBER OF LOCATIONS: 480+

HEADQUARTERS: Emeryville, CA

WEBSITE: www.groceryoutlet.com

PROPERTY ADDRESS: 4320 Wheaton Way

Bremerton, WA 98310

GUARANTOR: Grocery Outlet Inc., a California corporation

SQUARE FOOTAGE: ±23,885 SF

LEASE EXPIRATION DATE: 4/30/2036

EXTENDED TERMS: Four, 5-Year Options

LEASE TYPE: NNN

LANDLORD RESPONSIBLE: Roof and Structure

COMMENCEMENT DATE: 5/01/2024

MANAGEMENT FEE: $500.00 per month

Grocery Outlet is a discount supermarket chain that provides brand-name food and household products at significantly reduced prices. Headquartered in California, it operates over 400 independently owned stores nationwide and has become a favorite among budgetconscious shoppers. Its unique model and localized store operations bring a personal and community-centered shopping experience.

By purchasing surplus, seasonal, and overstocked goods from manufacturers, Grocery Outlet is able to pass on savings of up to 70%. Its “treasure hunt” atmosphere—where product selection changes frequently—makes shopping both fun and economical for families and individuals alike. This flexible, low-cost model also allows franchisees to thrive in

Grocery Outlet

LEASE SUMMARY

LEASE GUARANTOR: Planet Fitness

NUMBER OF LOCATIONS: 2,700+ Clubs

HEADQUARTERS: Hampton, NH

WEBSITE: www.planetfitness.com

PROPERTY ADDRESS:

4310 Wheaton Way

Bremerton, WA 98310

GUARANTOR:

PFWA Bremerton, LLC, a Washington limited liability company dba Planet Fitness

SQUARE FOOTAGE: ±23,000 SF

LEASE EXPIRATION DATE: 1/31/2030

EXTENDED TERMS: Three, 5-Year Options

LEASE TYPE: NNN

LANDLORD RESPONSIBLE: Roof and Structure

COMMENCEMENT DATE: 2/01/2015

MANAGEMENT FEE: 5% of CAM’s

Planet Fitness is a national fitness chain known for its low-cost memberships and welcoming “Judgement Free Zone®” philosophy. Founded in 1992 and now with over 2,000 locations, it aims to make fitness accessible to everyone, especially those new to working out. Its gyms are clean, brightly lit, and equipped with modern machines that support a stressfree experience.

With affordable pricing, top-notch equipment, and perks like massage chairs, locker rooms, and free fitness training, Planet Fitness appeals to casual and firsttime gym-goers. The brand has carved out a strong identity in the fitness industry and continues to grow by targeting underserved fitness segments, especially in smaller cities and towns.

Planet Fitness

SITE PLAN

PROPERTY PHOTOS

Bremerton Station offers a value-add opportunity for an investor to lease the remaining three vacant spaces, presenting immediate upside through increased cash flow.

BREMERTON STATION

SURROUNDING AREA

SUBJECT PROPERTY

NE RIDDELL RD

Blue Ridge Apartments

BREMERTON WA

BREMERTON, WA

Bremerton is a city in Kitsap County, Washington, United States. The population was 37,729 at the 2010 census and an estimated 41,405 in 2019, making it the largest city on the Kitsap Peninsula. Bremerton is home to Puget Sound Naval Shipyard and the Bremerton Annex of Naval Base Kitsap. Bremerton is connected to downtown Seattle by two ferries: a 60-minute ferry that carries both vehicles and walk-on passengers, and a 28-minute Fast Ferry that carries passengers and a limited number of bicycles.

Bremerton, the largest city in Kitsap County, is located directly west of Seattle across Puget Sound on the Kitsap Peninsula. It is bounded on the southeast and east by Sinclair Inlet and the strait of Port Orchard respectively. The city is divided by the Port Washington Narrows, a strait spanned by two bridges that connect the eastern and western sides of the city. The part of the city northeast of the narrows is referred to as East Bremerton. The city limits extend to the southwest as far as the Mason County line and include Bremerton National Airport. Bremerton is bordered to the south, across Sinclair Inlet, by the city of Port Orchard.

According to the United States Census Bureau, Bremerton has a total area of 32.29 square miles, of which 28.41 square miles are land and 3.88 square miles are water.