Retail Space /WA /Spokane County /Spokane /10619 E Sprague Ave
Retail Space /WA /Spokane County /Spokane /10619 E Sprague Ave

10619 E Sprague Ave - Retail FOR SALE


Spokane, WA 99206- Dishman Hills | 
$1,500,000 USD
509-321-2000
10619 E Sprague Ave, Spokane, WA for Sale
$1,500,000 USD
Retail - FOR SALE
1/5
null | 6% Cap Rate
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10619 E Sprague Ave
Spokane, WA 99206
Dishman Hills

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HIGHLIGHTS

  • Single Tenant Investment property - Fred's Appliance (20 Year + Regional Tenant at this location).
  • Prime Location: (37,100 VPD) Lighted Intersection at corner of East Sprague Ave and N University Road
  • Stable Income: New 5-year NNN Lease at $90,000/YR with 5- year option at $98,960/YR
  • Stable Investment: Fred's Appliance has been in this location for over 20 years and just signed a new 5 year lease.
  • New HVAC System and Membrane Roof
  • Pylon Signage, 28 Parking Stalls

OVERVIEW

Fred’s Appliance, located at 10619 E Sprague Ave, Spokane Valley, WA, is a 7,888 SF retail building on a 28,847 SF lot, built in 1960. It features a new 5-year NNN lease with $90,000/year base rent and a high-traffic corner location.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

CMU

APN/PARCEL ID

45174.1813

ASK ABOUT THIS PROPERTY

Guy ByrdSVN CornerstoneMore Info
509-321-2000

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Guy ByrdSVN CornerstoneMore Info
509-321-2000

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