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Wake Up Call Coffee 112 N Evergreen Rd 672 SF Retail Building Spokane, WA 99216 $1,200,000 ($1,785.71/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- 10-Year term with annual 2% rent increases. Yield increases 100 basis points in the primary term.
- Strong regional brand with 49+ locations and 20+ years of operational success, all 100% company owned.
- Located just 1.5 miles directly south of Spokane Valley Mall, a 700K SF regional destination center pulling from eastern WA & northern ID.
- Absolute NNN lease structure provides zero Landlord responsibilities. Seller to execute a brand-new lease at closing.
- Prime location off Evergreen Rd., just off Sprague Ave., a major east-west arterial connecting to I-90.
- High-density surrounding residential base of 135,667 residents within a 5-mile radius, and strong average household incomes of $103,342.
EXECUTIVE SUMMARY
The Offering provides the opportunity to acquire a Wake Up Call Coffee backed by a new 10-year absolute NNN lease with annual rent increases of 2%, to be executed at closing. Wake Up Call Coffee is a rapidly growing, privately held coffee chain with 49+ company-owned locations across three states, with an extremely loyal customer base. The Property is located on Evergreen Road just off Sprague Ave.—an essential east-west arterial that connects to I-90 to the north, extending across the state of Washington and connecting Spokane Valley to larger cities to the west and east. Evergreen Road drives traffic from the Spokane Valley directly to the 700,000 SF Spokane Valley Mall, a regional shopping destination that draws from eastern Washington and northern Idaho.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
672 SF
Building Class
B
Year Built
2004
Price
$1,200,000
Price Per SF
$1,785.71
Cap Rate
5%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.33 AC
Zoning
C
Parking
12 Spaces (17.86 Spaces per 1,000 SF Leased)
Frontage
85’ on N Evergreen Rd
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 45143.9277 | Improvements Assessment | $254,600 |
| Land Assessment | $171,840 | Total Assessment | $426,440 |
PROPERTY TAXES
Parcel Number
45143.9277
Land Assessment
$171,840
Improvements Assessment
$254,600
Total Assessment
$426,440
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Wake Up Call Coffee | 112 N Evergreen Rd
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