103 E Lincoln Rd - Freestanding FOR SALE


Spokane, WA 99208- Nevada Lidgerwood
$1,600,000 USD
702-215-7120
103 E Lincoln Rd, Spokane, WA for Sale
$1,600,000 USD
Freestanding - FOR SALE
1/4
null | 6.47% Cap Rate

103 E Lincoln Rd
Spokane, WA 99208
Nevada Lidgerwood


OVERVIEW

This offering presents the opportunity to acquire a long-term, triple-net leased auto service property secured by Wilde Automotive Repair, featuring 18 years of firm lease term remaining with 15% rental increases every five years. The tenant operates from a recently renovated 5,014 SF facility (2025 capital improvements including new roof, drains, and drywells), minimizing near-term capital expenditure risk. Positioned just off the signalized corner of E Lincoln Rd and N Division St—one of Spokane’s primary retail corridors with over 43,552 vehicles per day—the asset benefits from exceptional visibility within a dominant national retail trade area shadow anchored by major big-box and lifestyle tenants. Supported by strong surrounding demographics, dense residential rooftops, and long-term lease structure, this property offers investors durable cash flow, attractive built-in income growth, and stable intrinsic real estate value in an established infill market.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$319 USD /SF

CAP RATE

6.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,901 SF

ZONING

GC

APN/PARCEL ID

36203.0116

ASK ABOUT THIS PROPERTY

Dustin AlvinoMarcus & MillichapMore Info
702-215-7120

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Dustin AlvinoMarcus & MillichapMore Info
702-215-7120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.