807 N Sullivan Rd - Auto Repair FOR SALE


Spokane Valley, WA 99037- Veradale
$1,886,000 USD
206-826-5730
807 N Sullivan Rd, Spokane Valley, WA for Sale
$1,886,000 USD
Auto Repair - FOR SALE
1/3
null | 7% Cap Rate

807 N Sullivan Rd
Spokane Valley, WA 99037
Veradale


HIGHLIGHTS

  • Absolute NNN Lease with 18+ Years Remaining and Options to Extend.
  • 2nd Most Visited (According to Placer.ai) Take 5 in All of Washington State.
  • Located at the Busiest Intersection in All of Spokane Valley with Traffic Counts on Sullivan of 41,000 VPD.
  • Located Directly Next to McDonald’s and Dutch Bros Coffee at Signalized Intersection.
  • Growing Franchisee Who Currently Operates Three Locations in Washington
  • Leasehold Interest Offers an Investor the Opportunity to Depreciate the Asset.

OVERVIEW

Marcus & Millichap is exclusively offering for sale the Leasehold Interest (improvements only) in the Take 5 Oil Change site located at 807 N Sullivan Road in Spokane Valley, Washington. This is an opportunity for an investor to purchase the leasehold rights to the Take 5 improvements on an absolute NNN basis through July 4th, 2043. Additionally the tenant will have two five-year options to renew through July 4, 2053. The property was developed in 2023 when Take 5 opened for business and the parcel shares tenancy with Dutch Bros who opened for business in November of 2023. The Take 5 building is 1,334 square feet and includes two drive thru oil change bays. The site is situated at the busiest intersection in all of Spokane Valley where North Sullivan Road experiences over 41,000 vehicles per day. Located directly next door to the subject property is a McDonald’s and across Sullivan is a power center anchored by Ross, Michael’s, Burlington, and PetSmart while that center shares access with a Walmart Supercenter. According to Placer.ai which tracks customer traffic, the Walmart ranks in the top 98% percentile nationally and is the 5th most visited (out of 60) Walmart in all of Washington state. The Interstate-90 on/off ramps is located just one block north of the Take 5 property providing ideal access for customers. Other national retailers within walking distance include Fred Meyer, Lowe’s, Wendy’s, Taco Bell and many others.

FOR SALE DETAILS

PRICE

$1,886,000 USD

PRICE/SF

$1,414 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,465 SF

ZONING

RC

APN/PARCEL ID

45141.0145

ASK ABOUT THIS PROPERTY

Hank WolferMarcus & MillichapMore Info
206-826-5730

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Hank WolferMarcus & MillichapMore Info
206-826-5730

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