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

$1,500,000

10619 E Sprague Ave, Spokane, WA 99206

For Sale

Retail Free Standing

Active

Last Updated: 06/02/2025

Details:

Building Size: 7,888 sqft

Lot Area: 0.6622 acres

Units: 1

Year Built: 1960

Floors: 1

Offered by

Guy Byrd

Designated Broker

SVN | Cornerstone

#WA #17968 | ID #DB35767

Request Info to Unlock

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

Documents:

	Title
	Investment_Property_For_Sale_-_Fred_s_Appliance.pdf	View View Document
	Investment_Property_For_Sale_-_Fred_s_Appliance.pdf	View View Document
	Investment Property For Sale - Fred's Appliance	View View Document