Marketing Description:

We have been selected to exclusively market for sale an AAA location Hobby Lobby located in the dynamic Silverdale, WA trade area. The Property is located directly across the street from Winco, the Kitsap Mall and Target and features excellent visibility, parking and access. The Property benefits from paying well below market rents with achievable anchor rents in the submarket being in the $17-$19/SF range providing for long-term stability and upside. The Property features 8 years of remaining lease term and is corporately guaranteed by Hobby Lobby Stores, Inc. The NNN lease features minimal Landlord responsibilities which include only the roof and structure. Located roughly a mile from the Property, St. Michael’s Medical Center recently completed a roughly $500M expansion including over 5