Automotive NNN Investment
22173 Viking Ave NW Poulsbo, WA 98370
22173 Viking Ave NW, Poulsbo, WA, 98370
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For Sale
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Commercial investment property is leased on a NNN basis with a collision repair operator through July 2033.
Lot Size2.06 Acres
Days on Market24
Property Features for 22173 Viking Ave NW
General Information
- Standard status
- Active
- Lot size
- 2.06 Acres
- Property subtype
- RETAIL
Listing agency
Kidder Mathews
(206) 946-9425
Listed by
Kevin Verger · License #26206
(206) 946-9425
Source
Moodyscre
Added: Jun 29 Updated: Jul 20 at 9:03PM Checked: Jul 21 at 8:40AM
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
Investment Insights
Based on property information with market context.
A 2.06-acre commercial investment property leased to Puget Collision LLC on a NNN structure. The firm term runs through July 2033 and includes 3% annual rent increases on base rent plus NNN, along with two 5-year extension options at fair market rent.
The site includes direct frontage on State Route 3, the primary north-south corridor connecting Poulsbo to Bremerton and the Bainbridge Island ferry. The property is described as having 31,000+ VPD and is situated within a high-traffic commercial corridor, with proximity to Naval Base Kitsap noted in the remarks.
An executed option and lease agreement with Eddy Energy LLC is included, providing up to $45,000 in non-refundable option payments over 36 months, followed by a 30-year energy storage lease with 15% rent escalations every five years. The remarks also note the property’s tenant has expanded across multiple locations under CARSTAR and Fix Auto brands since 2023.
The site includes direct frontage on State Route 3, the primary north-south corridor connecting Poulsbo to Bremerton and the Bainbridge Island ferry. The property is described as having 31,000+ VPD and is situated within a high-traffic commercial corridor, with proximity to Naval Base Kitsap noted in the remarks.
An executed option and lease agreement with Eddy Energy LLC is included, providing up to $45,000 in non-refundable option payments over 36 months, followed by a 30-year energy storage lease with 15% rent escalations every five years. The remarks also note the property’s tenant has expanded across multiple locations under CARSTAR and Fix Auto brands since 2023.
Key Highlights
- 2.06‑acre commercial investment property in Poulsbo, WA on an NNN lease with Puget Collision LLC through July 2033
- Puget Collision LLC lease has 7+ years remaining of firm term, with 3% annual base rent increases plus NNN
- Lease includes (2) 5‑year extension options at fair market rent
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Fix Auto North Kitsap — 22177 Viking Ave NW, Poulsbo, WA 98370
- Walmart Auto Care Centers — 21200 Olhava Way NW, Poulsbo, WA 98370
- TOYBOX AUTO SERVICES LLC — 191 NW Thompson Rd, Poulsbo, WA 98370
- Firestone Complete Auto Care — 21780 Market Pl NW, Poulsbo, WA 98370
FAQs
What type of property is this?
Auto shop - Commercial investment property is leased on a NNN basis with a collision repair operator through July 2033.
Where is this auto shop located?
The property is located at 22173 Viking Ave NW Poulsbo, WA.
What is the asking price?
The asking price for this property is $1,860,000.
What are key features of this property?
This property features: 2.06‑acre commercial investment property in Poulsbo, WA on an NNN lease with Puget Collision LLC through July 2033; Puget Collision LLC lease has 7+ years remaining of firm term, with 3% annual base rent increases plus NNN; Lease includes (2) 5‑year extension options at fair market rent
