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Shopping Center with Pickup Window
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21401 Olhava Way NW, Poulsbo, WA 98370

The fully occupied center combines restaurant and laundry uses under NNN leases.

Property SizeContact for details
Lot Size1.55 Acres
Days on Market5

Property Features for 21401 Olhava Way NW

General Information

Standard status Active
Lot size 1.55 Acres
Property subtype RETAIL
Occupancy 100%

Site & Location

Corner Location Yes
Drive-Thru Yes
Pylon Signage Yes
Anchor Co-Tenants Chipotle
Road Access Yes

Amenities

monument signage

Building Details

Tenancy Multi
Listing Agency: MAJ Commercial Real Estate
Listed By: Blake Federinko · License #115187
Source: Moodyscre
Added: Sep 23 Changed: Sep 26 Last Checked: Sep 26 at 3:19PM

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 MAJ Commercial Real Estate

Investment Insights

Based on property information with market context.

This multi-tenant retail center on an approximately 1.55-acre corner parcel is fully leased under NNN terms. Its tenant mix includes a recently introduced Chipotle prototype with a dedicated mobile-order pickup window and UFF DA! Laundry Room, which has a 10-year lease. Monument signage serves the site.

The property fronts the signalized junction of Olhava Way NW and Market PL NW in Poulsbo. A Walmart Supercenter is across the street, with Home Depot, Petco, Big 5 Sporting Goods, and a Marriott hotel also identified in the surrounding trade area.

Key Highlights

  • 100% leased multi‑tenant center with NNN leases
  • Approximately 1.55‑acre corner site
  • Chipotle prototype includes a dedicated mobile‑order pickup window

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Big Box & Wholesale Store Pharmacy Auto Parts Store Electrical Service Carpet & Flooring Store Computer & Electronic Repair

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

Lease Details

100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

320
Businesses Nearby
283k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 43% Dining 31% Shops & Services 12% Home Improvements & Furnishings 11%
Walmart Superstores
122,748 visits/mo 0.2 miles
The Home Depot Home Improvements & Furnishings
29,329 visits/mo 0.3 miles
Starbucks Dining
23,089 visits/mo 0.1 miles
Taco Bell Dining
19,208 visits/mo 0.1 miles
Wendy's Dining
17,865 visits/mo 0.1 miles

Demographics for 98370, WA

32,857
Population
13,849
Households
2.4
Avg Household Size
45
Median Age
45%
College-Educated
95%
High-School Grad
56.3 sq mi
ZIP Area
584
Density / Sq Mi
$109,416
Median Household Income
$56,754
Median Earnings
$1,757
Median Rent
$587,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Shopping center - The fully occupied center combines restaurant and laundry uses under NNN leases.
Where is this shopping center located?
The property is located at 21401 Olhava Way NW Poulsbo, WA.
What is the asking price?
The asking price for this property is $4,153,000.
What are key features of this property?
This property features: 100% leased multi‑tenant center with NNN leases; Approximately 1.55‑acre corner site; Chipotle prototype includes a dedicated mobile‑order pickup window
(360) 823-5111 Call to check price and availability
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