Spokane Valley, WA Retail Property For Sale

Marcus & Millichap has been selected to exclusively market for sale the United States Post Office property located at 2020 N Dickey Rd, Spokane Valley, WA 99212.

This property is listed for sale as part of a portfolio consisting of six single-tenant Post Office buildings located in Asotin (WA), Elk (WA), Rathdrum (ID), Rockford (WA), Royal City (WA), and Spokane Valley (WA). The properties are available individually or as a portfolio. Please review the Offering Memorandum for more information.

SVN Cornerstone is pleased to offer this highly visible automotive shop which includes two-parcels, located on Trent Avenue in Spokane Valley, WA. Excellent retail or light industrial use property, strategically positioned with quick access to Pines, Evergreen, and Sullivan Rd less than 2.5 miles (North) of I-90.

-129' ± Trent Ave frontage with great visibility on Trent Ave (ADT: 25,733)

-Two (2) 12' OH doors and Two (2) 8' OH doors

-Utilities to the property include: Water, Sewer, Power, Natural Gas

-Vacant rear 0.32 acre lot for additional parking or development

-Ideal for automotive, contractor or service related operator

-Garage and office: 2,850 SF ± with additional garage and storage space attached

Bread & Butter NNN Investment property in Premium location on N Mullan Corridor a main thoroughfare in heart of Rapidly Growing Spokane Valley, WA. Excellent street frontage, high vehicle traffic exposure, easy ingress/egress 2 curb cuts, corner lot, superior parking, 1 block S of I-90 Argonne Exit. New Roof & Paint. Upside in Rents. Listing Agent has an ownership interest in the property.

We exclusively market for sale the Post Office portfolio located in Eastern Washington and North Idaho. The portfolio consists of six single-tenant buildings located in Asotin (WA), Elk (WA), Rathdrum (ID), Rockford (WA), Royal City (WA) and Spokane Valley (WA). All six properties were built-to-suit specifically for the USPS, which has been the sole tenant throughout the life of each building.

The portfolio offers a stable and consistent cash flow with future rental upside. On average, the leases have 4+ years of term remaining with expirations staggered over the next 3 to 7 years. Five of the six leases contain no additional tenant renewal options, giving a future owner the ability to negotiate a higher rent upon lease expiration.

Multi-Tenant & Land Lease Sale Opportunity

This rare opportunity provides a chance to acquire a premium four tenant, triple net investment with long-term strong national and regional tenants.

-Great exposure & access from Sprague & Sullivan

-Surrounded by other major retailers

-Outstanding sales history

Parcel Numbers:

45242.0429

45242.0430

45242.0437

45242.0438

Sale of Boston's Restaurant & Sports Bar. Includes the facility, Business, and FF&E.

Premier location just off I-90 on the corner of Evergreen Rd and E Indiana Ave at the Spokane Valley Mall the largest regional Mall between Seattle, WA, and Minneapolis, Minn.

-The seller owns the building, all site improvements, and FF&E

-The pad site is leased from Brookfield Properties Retail (configuration of pad size and location to be verified during feasibility)

-Current pad lease term date: 9/10/2031 (with three (3), five (5) year options to renew)

-Current pad lease rate: $8,236.50/MO/NNN (through 9/30/2031) to be paid by the Tenant

-Fully equipped restaurant with full bar and seating for 210 patrons

-Outside patio seats 40±

-Traffic counts adjacent to the property on Evergreen Rd & E Indiana Ave: 28,500 ADT

-Traffic counts on I-90: 94,000 ADT

-Tax iD #: 00.010125

Please contact listing brokers for sales price and for more information. Tax iD #: 45115.0305