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Get In TouchFix Auto (Puget Collision) | Poulsbo, WA
Fix Auto (Puget Collision)
22173 Viking Avenue Northwest, Poulsbo, WA 98370, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the Single Tenant Fix Auto NNN Asset Located in Poulsbo, WA (Seattle MSA). This is a Rare Opportunity to Acquire a Longterm Hands Free NNN Industrial Assets With 3% Annual Increases Located Just Outside of Seattle, WA.
- Growing Operator & Corporate Guarantee: With 52 Locations (and Growing) and an Estimated Annual Revenue of $160M+; Puget Collision Has Emerged as One of the Fastest Growing Collision Operators in the Nation; In 2024, Puget Collision Saw Their Number of Locations Increase to 52 a 50% Increase From 2023, in Which They Had 34
- Strong Increases: This Lease Has Fixed Annual Increases of 3% Through the Base Term of the Lease and a “Fair Market Value” Rent Adjustment at Each Option
- Long-Term NNN Lease: With Over 8 Years of Lease Term Remaining, This Opportunity Provides a Hands-Free Long-Term Investment For Investors
- Intrinsic Value: Situated on 2.06 AC of Industrial Zoned Land, the City of Poulsbo Has Tight Zoning Restrictions on Industrial Use; Within the City, Only 56 AC Are Zoned For “Light Industrial” Use, Creating Strong Intrinsic Value For This Property’s Location and Use
- Accessible Location: This Property Sits Directly Off of State Highway 3 Which Sees 24,465 Vehicles Per Day and is Only .27 Miles From the State Highway 305 Interchange; Additionally, This Property’s Frontage is Situated on Viking Avenue Which Sees 14,917 Vehicles Per Day
BoR: Marianne Christian – Lic. WA #12244
Fix Auto (Puget Collision)
22173 Viking Avenue Northwest, Poulsbo, WA 98370, USA
PUGET COLLISION
Puget Collision is a rapidly growing network of auto body repair facilities known for its commitment to industry-leading customer service, highquality vehicle repairs, and employee development. Established in September 2022, the company has expanded to over 50 locations across Washington, Oregon, Idaho, Colorado, and California. Puget Collision is recognized for its exceptional communication, advanced autobody technology, and expert-certified repairs, with safety, efficiency, and trust at the core of its operations. With a reputation built on trust and excellence, Puget Collision continues to grow through the acquisition of both independent and franchise locations, enhancing its ability to serve customers.
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Price
$2,000,000
Cap Rate
5.82%
PREMISES
7,360 SF
RENEWAL OPTIONS
2 x 5 Year Options
Lease Expiration
07/12/2033
Lease Type
NNN
RENTAL INCREASES
3% Annually
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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