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
7,888 sqft
Building Size
0.6622 acres
Lot Area
Details:
Building Size: 7,888 sqft
Lot Area: 0.6622 acres
Units: 1
Year Built: 1960
Floors: 1
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:
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Investment_Property_For_Sale_-_Fred_s_Appliance.pdf | ||
Investment_Property_For_Sale_-_Fred_s_Appliance.pdf | ||
Investment Property For Sale - Fred's Appliance |
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Location
