5605 E Sprague Ave - Freestanding FOR SALE


Spokane, WA 99212- Dishman Hills
$8,500,000 USD
509-220-4042
5605 E Sprague Ave, Spokane, WA for Sale
$8,500,000 USD
Freestanding - FOR SALE
1/4
null | 6.55% Cap Rate

NEW


5605 E Sprague Ave
Spokane, WA 99212
Dishman Hills


OVERVIEW

Exceptional fully leased investment opportunity positioned as an outparcel to Costco, offering strong visibility and traffic counts along Sprague Avenue. The property is anchored by a complementary mix of national and regional tenants, including Dollar Tree, Boot Barn, and Aslin Finch, providing stable income and long-term appeal. The site also offers future upside with the potential to develop an additional pad fronting Sprague Avenue, enhancing value through expansion or redevelopment. Strategically located within a high-demand retail corridor, this asset presents an attractive opportunity for investors seeking reliable cash flow with built-in growth potential.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$224 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

214

LAND DETAILS

LAND ACRES

4.25 AC

LAND SF

185,130 SF

ZONING

RC

APN/PARCEL ID

35144.9099

ASK ABOUT THIS PROPERTY

Erik NelsonKiemle & HagoodMore Info
509-220-4042

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Erik NelsonKiemle & HagoodMore Info
509-220-4042

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