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INVESTMENT HIGHLIGHTS
Grocery Anchored by Saar's: Saar's Super Saver Foods has operated at this location for over 17 years and recently exercised a five-year option
Tenant Strength: The Property benefits from a strong, dynamic tenant lineup with over half of the GLA leased to grocery, fitness, food, and personal and professional services
Strong Returns: The Property provides significant increase in NOI over the holding period with an estimated CAGR of 5.94% and a levered IRR of 16.41%
Strong Employees and Stable Workforce: Oak Harbor is home to over 78% of Island County's top private and public employers
Rare & Highly Sought After Property: No similar sized retail vacancy (20-40K SF) available on the entire island
Close Proximity to Top Employer: Close proximity to Naval Air Station Whidbey Island, which employs over 30% of Island County's workforce
Excellent Site Level Visibility and Proximity to Major Highway: The Property has excellent visibility and access from both directions of Highway 20 with over 19,000 VPD
