PRICE: $3,350,000 | CAP: 5.37% - INVESTMENT OFFERING - Two Free Standing Buildings - Retail Investment ...

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PRICE: ,350,000 | CAP: 5.37% - INVESTMENT OFFERING - Two Free Standing Buildings - Retail Investment ...
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        Two Free Standing Buildings

7058 & 7 150 WA-303 | BREMERTON, WA

PRICE: $3,350,000 | CAP: 5.37%
I N V E S T M E N T     O F F E R I N G
PRICE: ,350,000 | CAP: 5.37% - INVESTMENT OFFERING - Two Free Standing Buildings - Retail Investment ...
EXECUTIVE SUMMARY
  PRICE:                 CAP:           NOI:
$3,350,000              5.37%         $179,548
                              7058 & 7150 WA-303
LOCATION:                    Bremerton, Washington
                                Taco Bell: ±2,085 SF
BUILDING SIZE:      Taco Del Mar/Quiznos: ±2,872 SF

LAND SIZE:                              ±1.07 Acres

GUARANTOR:                                         *

LEASE TYPE:                          Absolute NNN

LEASE EXPIRATION:                                  *
                                     Taco Bell: 2018
YEAR BUILT:             Taco Del Mar/Quiznos: 2003

LESSEE:                                            *

OPTIONS:                                           *

INCREASES:             Taco Bell: 7.5% Every 5 Years

ROFR:                                         None
 *See Page 3
                                                       ALL PHOTOS TAKEN SEPT. 24TH 2019
TACO BELL & 2 TENANT BUILDING | BREMERTON, WA                      RETAIL INVESTMENT GROUP
PRICE: ,350,000 | CAP: 5.37% - INVESTMENT OFFERING - Two Free Standing Buildings - Retail Investment ...
PROPERTY OVERVIEW
                                                               Retail Investment Group is pleased to be the exclusive listing agent
                                                               for the Taco Bell and Taco Del Mar/Quiznos property in Bremerton,
                                                               Washington. The property is surrounded by single-family homes, Olympic
                                                               Village Apartments and numerous retailers and churches. Some of those
                                                               retailers include: Starbucks, McDonald’s, Walmart, Safeway, Walgreens,
                                                               Burger King, Les Schwab Tire Center, Central Valley Garden Supply and
                                                   Subject
                                                  Properties   Chevron. This Taco Bell is ±0.5 miles from the Kitsap Tennis and Athletic
                                                               Center and ±1 mile from Esquire Hills Elementary School and Bremerton
                                                               Skateland. The Taco Bell offers an Absolute NNN Lease, while the Quizno’s/
                                                               Taco Del Mar offers an NNN lease. Taco Bell offers 4 (5) Year Options and
                                                               Quizno’s/Taco Del Mar offers 1 (5) Year Option. Both are located on the WA-
                                                               303 HWY seeing more than ±33,000 vehicles per day. These properties
                                                               are located ±15 miles from Seattle WA, the 18th most populous city in the
                                                               US with more than ±724,700 people.

                                      VPD                      Investment Highlights
                             , 55   9
                      ±   3 3                                  •   Leases are NNN
                                                               •   Taco Bell is a Brand New 23-Year Sale Leaseback at COE with (4)
                                                                   5-Year Options
                                                               •   Located on Busy HWY 303 which sees more than ±33,000 VPD
                                                               •   Located ±15 miles from Seattle, Washington (more than
                                                                   ±724,700 in population)
                                                               •   Taco Bell - Brand New Building Built in 2018 Taco Del Mar/
                                                                   Quiznos Built in 2003

  TACO BELL & 2 TENANT BUILDING | BREMERTON, WA
PRICE: ,350,000 | CAP: 5.37% - INVESTMENT OFFERING - Two Free Standing Buildings - Retail Investment ...
ABOUT BREMERTON

Bremerton is known as a beautiful harborside city home to ±41,235 people, and is part of the Bremerton-Silverdale MSA which is home to a combined ±269,805
people. Bremerton is east of the Olympic Mountains and less than an hour ferry ride from downtown Seattle. The Port of Bremerton Marina has over 300 boat
slips. The popular Arts District found along the water has attractions like the Puget Sound Navy Museum, USS Turner Joy, PSNS Memorial Plaza and the boardwalk.
Across the Manette Bridge there are numerous restaurants, cafes and places to shop. Bremerton has numerous parks including Harborside Fountain Park, Kitsap
Lake Park, Lions Park, Evergreen Rotary Park and Lent Landing Park. The Gold Mountain Golf Course consists of two 18 hole championship courses which has
hosted multiple NCAA events and more. The Kitsap County Naval Base is by far the city’s largest employer followed by Harrison Medical Center.

Bremerton frequently has local events such as First Friday Art Walk at the Bremerton Arts District, community farmers markets and organized inlet cleanups.
Bremerton also has live shows at the Admiral Theatre, Bremerton Community Theatre, Bremerton Symphony, Kitsap Opera and the Peninsula Dance Theatre for
those interested in performing arts. The City is known for it’s local charm and frequently draws visitors from all over the Greater Seattle area.

         TACO BELL & 2 TENANT BUILDING | BREMERTON, WA                                                                      RETAIL INVESTMENT GROUP
PRICE: ,350,000 | CAP: 5.37% - INVESTMENT OFFERING - Two Free Standing Buildings - Retail Investment ...
RENT SCHEDULE

7058-7150 WA-303 Bremerton, Washington
Tenant         Brand       Lease Start     Lease Expiration   Lease Rate   Lease Type   CAM Expenses NOI           Options

*Orchard Foods Taco Bell   Close of Escrow 01/31/2043         $120,000     Absolute NNN $0              $120,000 4 (5) Year Options

**PRAHB Inc.   Quiznos     09/01/2010      08/31/2020         $39,000      NNN          $9,228          $29,772    1 (5) Year Option

**PRAHB Inc.   Taco Del Mar 09/01/2010     08/31/2020         $39,000      NNN          $9,228          $29,772    1 (5) Year Option

Total                                                         $198,000                  $18,457         $179,543

Notes
*Brand new 23 year sale leaseback to commence at close of escrow. 6 unit guarantee from Orchard Foods
**Expenses cover alarm, building maintenance, garbage, insurance, property tax, and Owner’s Association Dues

         TACO BELL & 2 TENANT BUILDING | BREMERTON, WA                                               RETAIL INVESTMENT GROUP
PRICE: ,350,000 | CAP: 5.37% - INVESTMENT OFFERING - Two Free Standing Buildings - Retail Investment ...
AERIAL MAP

                                          Subject
                                         Property

                         ±33,559 VPD
       Central Kitsap
       School District

                                         WSDOT
                                       Park & Ride
PRICE: ,350,000 | CAP: 5.37% - INVESTMENT OFFERING - Two Free Standing Buildings - Retail Investment ...
ABOUT THE TENANTS

Taco Bell is the nation’s leading Mexican-inspired   The little sub shop that began in 1981 in Denver,     Taco Del Mar started in 1992 when brothers James
quick service restaurant (QSR) brand. They           Colorado still has the same bold ideas that we had    and John Schmidt opened the first restaurant in
serve made-to-order and customized tacos and         in the beginning. They believe food should taste      Seattle, Washington. The brand has now expanded
burritos, among other craveable choices, and         great and only the highest quality ingredients        to have over 260 locations in the United States
are the first QSR restaurant to offer American       should be used to create the perfect lunch. Known     and Canada and is headquartered in Lynwood,
Vegetarian Association (AVA)-certified menu          for making each sandwich toasted to perfection,       Washington.
items. Taco Bell and more than 350 franchise         Quiznos believes this method creates a more
organizations operate nearly 6,500 restaurants       flavorful sandwich when compared to their cold        Taco Del Mar is inspired by the Coastal Mexican
across the United States that proudly serve about    competitors. You can’t fake quality. No mystery       Cuisine of Baja California in Mexico. The Baja
40 million customers every week.                     meat – Quiznos uses butcher-quality meats, all-       attitude is about keeping it simple, fresh and
                                                     natural cheeses, chef-designed signature sauces       carefree. Baja style Coastal Mexican Cuisine is
At Orchard Foods, the standard is excellence. and toasted artisan bread.                                   all about light, flavorful tastes and natural heat
Founded in 1988, Orchard Foods opened their first                                                          from peppers like jalapeños and habaneros. At
store in 1988, and has since acquired a total of 20 Today, Quiznos is one of the most beloved brands       Taco Del Mar the menu features fresh ingredients,
stores, eventually selling several to arrive at it’s in the $21 billion sandwich industry, with millions   delicious guacamole, and slow-cooked meats
current size of 12 stores. The company plans on of devoted fans across the nation. With over 750           like braised chicken and pulled port carnitas. Pair
expanding and building 4 or 5 additional stores in locations around the world, each individually           their legendary burritos and iconic Baja fish tacos
the coming years.                                    owned and operated, Quiznos is focusing on a          with their signature white sauce, mango salsa or
                                                     national expansion campaign with a plan to grow       house made pico de gallo for a lunch or dinner
                                                     by hundreds of locations in the coming years.         that is sure to satisfy.

      TACO BELL & 2 TENANT BUILDING | BREMERTON, WA                                                                          RETAIL INVESTMENT GROUP
PRICE: ,350,000 | CAP: 5.37% - INVESTMENT OFFERING - Two Free Standing Buildings - Retail Investment ...
AERIAL MAP
                                  Edmonds
                                                ±15 Miles

                                                                                    Seattle

                      Subject
                      Property
                                                               Manchester

                                   Bremerton

                                                            Port Orchard

TACO BELL & 2 TENANT BUILDING | BREMERTON, WA                               RETAIL INVESTMENT GROUP
PRICE: ,350,000 | CAP: 5.37% - INVESTMENT OFFERING - Two Free Standing Buildings - Retail Investment ...
ADDITIONAL PHOTOS

ALL PHOTOS TAKEN SEPTEMBER 2019
     TACO BELL & 2 TENANT BUILDING | BREMERTON, WA         RETAIL INVESTMENT GROUP
PRICE: ,350,000 | CAP: 5.37% - INVESTMENT OFFERING - Two Free Standing Buildings - Retail Investment ...
SITE SURVEY

Survey Overlay is Approximate, Buyer to Verify All Information
2019 DEMOGRAPHICS

                                                    i us
                                                R ad

                                                                 s
                                              5-Mile

                                                              diu
                                                            e Ra
                                                                                 ius
                                                                            ad

                                                           3-Mil

                                                                     1-Mile R

                                                                                                                                                    Seattle
                                                                     Bremerton

                  1-Mile   3-Mile   5-Mile                            1-Mile           3-Mile   5-Mile                           VEHICLES PER DAY
2010 Population   6,617    44,229   103,522       2010 Households     2,508            17,508   40,731    State Hwy 303 NE        ±34,590/VPD
2019 Population   7,005    44,925   108,816       2019 Households     2,675            17,691   42,887    NE Fairgrounds Rd       ±9,132/VPD
2024 Population   7,484    47,669   116,711       2024 Households     2,841            18,775   45,823    NE McWilliams Rd        ±6,550/VPD
         TACO BELL & 2 TENANT BUILDING | BREMERTON, WA                                                                        RETAIL INVESTMENT GROUP
Confidentiality
                                                       and   physical   information   to   prospective    Group has not verified, and will not verify, any of
                                                       purchasers, and to establish only a preliminary    the information contained herein, nor has Retail
                                                       level of interest in the subject property. The     Investment Group conducted any investigation

& Disclaimer
                                                       information contained herein is not a substitute   regarding these matters and makes no warranty
                                                       for a thorough due diligence investigation.        or representation whatsoever regarding the
                                                                                                          accuracy or completeness of the information
                                                       Retail Investment Group has not made any           provided.
                                                       investigation, and makes no warranty or
                                                       representation with respect to the income or       All potential buyers must take appropriate
The information contained in the following             expenses for the subject property, the future      measures to verify all of the information set
offering memorandum is proprietary and                 projected financial performance of the property,   forth herein. Prospective buyers shall be
strictly confidential. It is intended to be reviewed   the size and square footage of the property and    responsible for their costs and expenses of
only by the party receiving it from Retail             improvements, the presence of absence of           investigating the subject property.
Investment Group and it should not be made             contaminating substances, PCBs or asbestos,
available to any other person or entity without        the compliance with local, state and federal       The information contained herein has been
the written consent of Retail Investment Group.        regulations, the physical condition of the         obtained from the owner of the property or
                                                       improvements thereon, or financial condition       from other sources we deem reliable. We
By taking possession of and reviewing the              or business prospects of any tenant, or any        have no reason to doubt its accuracy, but we
information contained herein the recipient             tenant’s plans or intentions to continue its       do not guarantee it.
agrees to hold and treat all such information in       occupancy of the subject property. Additional
the strictest confidence. The recipient further        information and an opportunity to inspect the      If you have no interest in the Property, please
agrees that recipient will not photocopy or            Property will be made available upon written       return this Investment Offering Memorandum
duplicate any part of the offering memorandum.         request to interested and qualified prospective    to Retail Investment Group, LLC.
If you have no interest in the subject                 investors.
property, please promptly return this offering                                                            8255 E Raintree Drive #100
memorandum to Retail Investment Group.                 The information contained in this offering         Scottsdale, AZ 85260
This offering memorandum has been prepared             memorandum has been obtained from sources          T 480.429.4580 E info@retail1031.com
to   provide   summary,      unverified   financial    we believe reliable; however, Retail Investment    www.retail1031.com

     TACO BELL & 2 TENANT BUILDING | BREMERTON, WA                                                                           RETAIL INVESTMENT GROUP
contact us
8255 East Raintree Drive Suite 100 Scottsdale, Arizona 85260
480.429.4580 | www.retail1031.com
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