LISTING DETAILS

22173 Viking Avenue NW

22173 Viking Ave NW Poulsbo WA 98370

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

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Retail Asset Class Info
Crane Tonnage0
Building Information
Building StatusExisting
# of Buildings2
# of Floors1
Total Building SF6,560 SF
Net Rentable Area6,560 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF133,294 SF
Acres3.06
Year Built1991
Property Type
Property TypeIndustrial
Location
CountyKitsap
Market AreaPoulsbo
Tax ID #102601-1-010-2009
ZoningLI

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.

22173 Viking Avenue NW
22173 Viking Ave NW Poulsbo WA 98370

Listing #: 714669 | Status: Available | Listing Date: 6/29/2026 | Last Modified: 6/30/2026 | Email Listing

For Sale

22173 Viking Avenue NW

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