112 N Evergreen Rd - Freestanding FOR SALE


Spokane, WA 99216- Veradale
$1,200,000 USD
503-957-7945
112 N Evergreen Rd, Spokane, WA for Sale
$1,200,000 USD
Freestanding - FOR SALE
1/3
null | 5% Cap Rate

112 N Evergreen Rd
Spokane, WA 99216
Veradale


HIGHLIGHTS

  • 10-Year term with annual 2% rent increases. Yield increases 100 basis points in the primary term.
  • Absolute NNN lease structure provides zero Landlord responsibilities. Seller to execute a brand-new lease at closing.
  • Strong regional brand with 49+ locations and 20+ years of operational success, all 100% company owned.
  • Prime location off Evergreen Rd., just off Sprague Ave., a major east-west arterial connecting to I-90.
  • Located just 1.5 miles directly south of Spokane Valley Mall, a 700K SF regional destination center pulling from eastern WA & northern ID.
  • High-density surrounding residential base of 135,667 residents within a 5-mile radius, and strong average household incomes of $103,342.

OVERVIEW

The Offering provides the opportunity to acquire a Wake Up Call Coffee backed by a new 10-year absolute NNN lease with annual rent increases of 2%, to be executed at closing. Wake Up Call Coffee is a rapidly growing, privately held coffee chain with 49+ company-owned locations across three states, with an extremely loyal customer base. The Property is located on Evergreen Road just off Sprague Ave.—an essential east-west arterial that connects to I-90 to the north, extending across the state of Washington and connecting Spokane Valley to larger cities to the west and east. Evergreen Road drives traffic from the Spokane Valley directly to the 700,000 SF Spokane Valley Mall, a regional shopping destination that draws from eastern Washington and northern Idaho.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$1,509 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wake Up Call Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,320 SF

ZONING

C

APN/PARCEL ID

45143.9277

ASK ABOUT THIS PROPERTY

Sean MackNorthmarqMore Info
503-957-7945

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Sean MackNorthmarqMore Info
503-957-7945

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