1850 Division st - Freestanding FOR SALE


Spokane, WA 99207- Logan
$2,695,000 USD
206-747-4338
1850 Division st, Spokane, WA for Sale
$2,695,000 USD
Freestanding - FOR SALE
1/1
null | 5.25% Cap Rate

1850 Division st
Spokane, WA 99207
Logan


HIGHLIGHTS

  • 2025 construction with 15-year absolute NNN ground lease with no landlord responsibilities
  • Valvoline Corporate Guaranteed lease
  • Valvoline has over 2,000 locations in the United States and Canada with plans to expand to 3,500 locations in North America
  • Spokane is the 2nd largest city in Washington State
  • 10% rental increases every 5 years throughout initial term and beginning of each option period
  • Located on a signalized hard corner with over 40,000 VPD

OVERVIEW

Kidder Mathews is pleased to present the opportunity to acquire a new construction Valvoline, strategically positioned in rapidly growing Spokane, WA. This opportunity features extremely strong real estate fundamentals with a 15-year ground lease featuring no landlord responsibilities located in the 2nd largest city in Washington State.

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$902 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valvoline - Spokane

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

21,102 SF

ZONING

GC

APN/PARCEL ID

35083.1904

ASK ABOUT THIS PROPERTY

David GellnerKidder MathewsMore Info
206-747-4338

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David GellnerKidder MathewsMore Info
206-747-4338

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