22173 Viking Ave NW
Poulsbo WA 98370

22173 Viking Avenue NW

22173 Viking Ave NW Poulsbo WA 98370

Listing #: 714669 | Status: Available | Last Modified: 6/30/2026 |

For Sale
Kevin Verger
  • Phone:(206) 946-9425
  • Email:kevin.verger@kidder.com
  • Office Name:Kidder Mathews
  • Office Phone:(208) 362-8600
  • Office Website:
Maggie Verger
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 1,860,000.0
  • $/SF$ 283.5
  • Listing StatusAvailable
  • Days on Market11
  • Asset ClassRetail, Industrial
  • Terms
Investment Information
  • Investment Type
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Industrial Asset Class Info
  • Dock High Doors
  • Semi-Dock Doors
  • Grade Level Door Count
  • Crane Count
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Building Information
  • Building StatusExisting
  • # of Buildings2
  • # of Floors1
  • # of Units
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF6560
  • Net Rentable Area6560
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF133294
  • Acres3.06
Property Type
  • Property TypeIndustrial
  • Office Type
  • Building Class
Location
  • CountyKitsap
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaPoulsbo
  • Tax ID #102601-1-010-2009
  • Additional Parcels10260110102009
  • ZoningLI
Construction
  • Year Built1991
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

Fix Auto

Public Comments

The Verger Team is pleased to present the opportunity to acquire a 2.06 Acre Commercial Investment Property located in Poulsbo, Washington, leased to Puget Collision LLC with 7+ Years of remaining Firm-Term, on a NNN Lease through July 2033, with (2) 5-Year Extension Options. Puget Collision LLC is a rapidly expanding Collision Repair Operator that has grown from 18 to 70 locations across 6 states, under the CARSTAR and Fix Auto brands. The Lease provides 3% Annual Rent Increases on Base Rent + NNN, offering predictable income growth with minimal landlord expense exposure. The investment is further enhanced by an Executed Option and Lease Agreement with Eddy Energy LLC, a Delaware based Battery Energy Storage Developer, 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 5-Years, delivering additional income from the site. Strategically positioned with direct frontage on State Route 3, the primary north-south highway connecting Poulsbo to Bremerton and the Bainbridge Island ferry, the property offers excellent visibility with 31,000+ VPD, and access within a high-traffic commercial corridor. The site benefits from proximity to Naval Base Kitsap, one of the region's largest employers, and the continued growth of Kitsap County's economy, supported by ferry-commuter demand to Seattle and a stable defense-sector employment base, further underpinning the long-term performance of the investment. INVESTMENT HIGHLIGHTS: - NNN Lease with National Tenant: The property is leased to Puget Collision LLC with 7+ Years Remaining of Firm-Term on a NNN Lease, with 3% Annual Rent Increases, through July 2033, with (2) 5-Year Options at Fair Market Rent. - Recession-Resistant Industry: The collision repair industry is considered recession-resistant, as the demand for vehicle repairs persists regardless of economic conditions. This stability ensures a consistent tenant business model. - Rapidly Growing Tenant Credit: Puget Collision has expanded from 18 to 70 CARSTAR and Fix Auto locations across six states since lease execution in 2023. - Long-Duration Energy Storage Optionality: Eddy Energy LLC, a Battery Energy Storage Developer, 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, delivering additional income from the site. - Strategic Highway 3 Corridor Location: Strategically positioned with direct frontage on State Route 3, the primary north-south highway connecting Poulsbo to Bremerton and the Bainbridge Island ferry, the property offers excellent visibility with 31,000+ VPD, and access within a high-traffic commercial corridor. - Sub-Market Vacancy: According to CoStar, the Light Industrial vacancy rate within Poulsbo is less than 1%, a direct reflection of the minimal light-industrial supply that exists within the city.

Listing Images