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Single-Tenant Storefront Property
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21700 Market Pl NW, Poulsbo, WA 98370

Petco occupies the property under an NNN lease extending through April 2032.

Property Size15,000 SF
Lot Size1.78 Acres
Price / SF$425
Days on Market6

Property Features for 21700 Market Pl NW

General Information

Standard status Active
Size 15,000 SF
Lot size 1.78 Acres
Property subtype RETAIL
Occupancy 100%

Additional Details

Anchor Co-Tenants Home Depot, Walmart Supercenter

Building Details

Year Built 2008
Buildings 1
Tenancy Single
Listing Agency: MAJ Commercial Real Estate
Listed By: Blake Federinko · License #115187
Source: Moodyscre
Added: Sep 21 Changed: Sep 24 Last Checked: Sep 24 at 3:20PM

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.

The 15,000 SF storefront property was built in 2008 and occupies a 77,537 SF, or 1.78-acre, site. Petco is the sole tenant, and the property is leased on an NNN basis. The tenant exercised a five-year renewal option, extending the lease term from May 1, 2027, through April 30, 2032.

The property is part of Poulsbo MarketPlace, where Home Depot and Walmart Supercenter serve as anchors. It is located at 21700 Market Pl NW in Poulsbo, Washington.

Key Highlights

  • Single‑tenant Petco storefront under an NNN lease
  • 15,000 SF building on a 77,537 SF (1.78‑acre) site
  • Built in 2008

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Pharmacy Big Box & Wholesale Store Grocery & Convenience Store Electrical Service Auto Parts 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.

Lease Details

100%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

273
Businesses Nearby
283k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Superstores 43% Dining 31% Shops & Services 12% Home Improvements & Furnishings 11%
Walmart Superstores
122,748 visits/mo 0.1 miles
The Home Depot Home Improvements & Furnishings
29,329 visits/mo 0.1 miles
Starbucks Dining
23,089 visits/mo 0.3 miles
Taco Bell Dining
19,208 visits/mo 0.2 miles
Wendy's Dining
17,865 visits/mo 0.2 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?
Storefront property - Petco occupies the property under an NNN lease extending through April 2032.
Where is this storefront property located?
The property is located at 21700 Market Pl NW Poulsbo, WA.
What is the asking price?
The asking price for this property is $6,375,000.
What are key features of this property?
This property features: Single‑tenant Petco storefront under an NNN lease; 15,000 SF building on a 77,537 SF (1.78‑acre) site; Built in 2008
(360) 823-5111 Call to check price and availability
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