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Freestanding Sporting Goods Retail Building
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31956 State Route 20, Oak Harbor, WA 98277

Single-tenant Big 5 Sporting Goods occupies a freestanding built-to-suit retail building on State Route 20 under an NNN lease.

Property SizeContact for details
Days on Market122

Property Features for 31956 State Route 20

General Information

Standard status Active
Property subtype Retail, Land
Listing Agency: Kidder Mathews Seattle
Listed By: David Gellner · License #WA 112893
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 12:57PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews Seattle

Investment Insights

Based on property information with market context.

The offering is a single-tenant retail property occupied by Big 5 Sporting Goods, with 15 years of historical occupancy. The tenant fully occupies a freestanding built-to-suit retail building totaling 10,000 square feet. The lease is structured as a NNN agreement with scheduled 10% rent increases every five years, with the next increase scheduled for 2020.

The property is highly exposed along Hwy 20, described as the primary arterial running through Oak Harbor and connecting to mainland Puget Sound.

This is a built-to-suit, single-tenant retail asset with long-term occupancy and contractual rent escalations tied to the lease schedule.

Key Highlights

  • Single‑tenant Big 5 Sporting Goods occupies a freestanding 10,000 SF built‑to‑suit retail building on State Route 20
  • Investment‑grade tenant with 15‑year historical occupancy
  • NNN lease structure

Property Analytics

Current Use

Oak Harbor Office Law Firm Big 5 Sporting ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply HVAC Service Parking Lot & Garage Storage Facility Kitchen & Bath Showroom Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,117
Businesses Nearby
436k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 26% Shops & Services 22% Groceries 21% Superstores 15%
Walmart Superstores
64,147 visits/mo 0.3 miles
Safeway Groceries
49,645 visits/mo 0.4 miles
Haggen Groceries
30,913 visits/mo 0.2 miles
Safeway Gas Shops & Services
25,282 visits/mo 0.2 miles
The Home Depot Home Improvements & Furnishings
24,985 visits/mo 0.2 miles

Demographics for 98277, WA

41,517
Population
17,694
Households
2.3
Avg Household Size
36
Median Age
27%
College-Educated
95%
High-School Grad
57.3 sq mi
ZIP Area
725
Density / Sq Mi
$79,326
Median Household Income
$45,236
Median Earnings
$1,651
Median Rent
$455,300
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Single-tenant Big 5 Sporting Goods occupies a freestanding built-to-suit retail building on State Route 20 under an NNN lease.
Where is this retail space located?
The property is located at 31956 State Route 20 Oak Harbor, WA.
What are key features of this property?
This property features: Single‑tenant Big 5 Sporting Goods occupies a freestanding 10,000 SF built‑to‑suit retail building on State Route 20; Investment‑grade tenant with 15‑year historical occupancy; NNN lease structure
(206) 296-9600 Call to check price and availability
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