Leased Auto Collision Investment
22173 Viking, Poulsbo, WA 98370
For Sale
$1,860,000
NNN-leased commercial site with collision repair operator, firm term through July 2033 and 3% annual rent increases.
Property SizeContact for details
Lot Size2.06 Acres
Days on Market182
Property Features for 22173 Viking
General Information
Standard status
Lot size
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Building Details
Year Built
Listing Agency:
Kidder Mathews
Listed By:
Kevin G. Verger · License WA #26206
(206) 946-9425
Source:
Century21northhomes
Added: May 13
Changed: Nov 8
Last Checked: Nov 8 at 6:45AM
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
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Investment Insights
Based on property information with market context.
A 2.06-acre commercial investment property in Poulsbo, Washington, leased to Puget Collision LLC under an NNN lease with a remaining firm term of 7+ years. The lease runs through July 2033 and includes (2) five-year extension options. Base rent is supported by 3% annual rent increases on base rent plus NNN, designed to provide predictable income growth with minimal landlord expense exposure.
The property also includes an executed option and lease agreement with Eddy Energy LLC for battery energy storage. The agreement provides 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 5 years. Strategically positioned with direct frontage on State Route 3, the primary north-south highway connecting Poulsbo to Bremerton and the Bainbridge Island ferry, the site benefits from 31,000+ VPD along a high-traffic commercial corridor.
The property also includes an executed option and lease agreement with Eddy Energy LLC for battery energy storage. The agreement provides 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 5 years. Strategically positioned with direct frontage on State Route 3, the primary north-south highway connecting Poulsbo to Bremerton and the Bainbridge Island ferry, the site benefits from 31,000+ VPD along a high-traffic commercial corridor.
Key Highlights
- 2.06‑acre commercial investment property in Poulsbo, WA built in 1991
- NNN lease to Puget Collision LLC with firm term through July 2033 and (2) 5‑year extension options
- 3% annual rent increases on base rent + NNN under the Puget Collision lease
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
31,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Home Improvements & Furnishings 5%
Hotels & Casinos 5%
Dining 4%
AMPM
Shops & Services
16,033 visits/mo
0.4 miles
Navy Federal Credit Union
Shops & Services
3,389 visits/mo
0.5 miles
Firestone Complete Auto Care
Shops & Services
2,314 visits/mo
0.5 miles
Mattress Firm
Home Improvements & Furnishings
1,320 visits/mo
0.5 miles
Fairfield Inn & Suites by Marriott
Hotels & Casinos
1,241 visits/mo
0.4 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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - NNN-leased commercial site with collision repair operator, firm term through July 2033 and 3% annual rent increases.
Where is this nnn property located?
The property is located at 22173 Viking 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 built in 1991; NNN lease to Puget Collision LLC with firm term through July 2033 and (2) 5‑year extension options; 3% annual rent increases on base rent + NNN under the Puget Collision lease
