Northmarq is pleased to present T-Mobile and Sleep Number, a 100% leased, two-tenant NNN retail investment totaling 4,802 SF and located along one of Spokane’s most heavily trafficked commercial corridors. The freestanding property offers strong Division Street visibility, modern systems, and ample surface parking, resulting in a passive ownership profile with minimal landlord responsibilities.
The asset is comprised of two credit tenants, Sleep Number and T-Mobile, both operating under triple-net lease structures with annual rent increases. Sleep Number has recently executed a six-year lease extension, enhancing income durability and contributing to a weighted average lease term of approximately 4.6 years. Positioned along US-395/Division Street, Spokane’s primary north–south arterial, the property benefits from direct access to Downtown Spokane and the greater North Spokane trade area. 100% NNN leases, national credit tenancy, and a balanced lease rollover profile positions The Offering as an exceptional 1031 exchange opportunity for passive investment.