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Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Bucklin Place (the “Property” or “Site”), a uniquely positioned retail property located in Silverdale, Washington, just across the Puget Sound from Seattle. The Site includes 55,521 square feet of existing, 100% leased retail space and a 672 square foot coffee kiosk under development, totaling 56,193 square feet. The offering benefits from an investment grade tenant in the form of Tractor Supply (Ticker: TSCO) and below market vacancy rates, altogether yielding reliable cash flow. The Site provides additional upside through the soon-to-be coffee drive thru, Caffe Cocina, which will further enhance daily traffic.
Traffic volume for this area currently amounts to 40,000 vehicles per day, making it highly accessible to the Silverdale and greater Kitsap County population. This retail offering is prominently located in the heart of Silverdale’s greater community center that features a diverse mix of restaurants, schools, experiential retail locations, and medical tenants. The unique geographic location of Silverdale fosters a captive customer audience, ultimately making it the retail capital of the Kitsap Peninsula. The Property provides a rare opportunity to own a 100% occupied, long-term leased investment that includes strong credit tenancy in Kitsap’s retail epicenter.
- 100% occupied under long-term leases
- Diverse tenant mix anchored by credit
- Dynamic new property currently under development
- Located in dominant retail market
- Strong and growing employment base