Investment Property - Fred's Appliance (20 Year + Regional Tenant)

Highlights

• Single Tenant Investment property - Fred's Appliance (20 Year + Regional Tenant)
• Prime Location: Corner of East Sprague Ave (21,200 VPD) and N University Road (15,900 VPD)
• Stable Income: New 5-year NNN Lease at $90,000/YR with one 5- year option to renew at $98,960/YR
• Property Size: 7,888 SF retail building on 28,847 SF lot. (Built in 1960)
• Stable Investment: Fred's Appliance has been in this location for over 20 years and just signed a new 5 year lease.
• New HVAC System and Membrane Roof.
• Pylon Signage, 28 parking stalls.

Description

Fred’s Appliance, located at 10619 E Sprague Ave, Spokane Valley, WA, is a 7,888 SF retail building on a 28,847 SF lot, built in 1960. Fred's has just renewed their long term tenancy with a new 5-year NNN lease with $90,000/YR/NNN base rent and a high-traffic corner location.

Hard corner of E Sprague Ave and N University Rd

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