1310 N Ruby St
Spokane, WA 99202
Starbucks · Retail Property For Sale

Marcus & Millichap is pleased to present for sale a brand new Starbucks in Spokane, Washington. This Starbucks location is approximately 2,208-square feet and is feet from Gonzaga University. The propery is subject to a 10-year triple-net lease with minimal landlord responsibilities. It features ten percent increases every five years and four, five-year options to renew. This net-leased investment is located on North Ruby Street (US Route 2 & US Route 395) which oversees 26,800 vehicles-per-day. The lot is 24,800 square feet and has ample room for the drive-thru and 25 parking spaces. Along the rest of the property' s 130 feet of frontage is a new 209-unit apartment complex on the Campus of Gonzaga University. This corridor alon Ruby Street has many surrounding retailers including McDonalds, Sonic, Jack in the Box, Wendy' s, Burger King, Safeway and Staples. It is also in the heart of the University district of the city sitting directly adjacent to Gonzaga and within close proximity of Washington State University' s Spokane campus. With its close proximity to downtown this Starbucks has numerous entertainment and cultural venues nearby including the Spokane Convention Center, Courthouse, Veterans Memorial Arena, Civic Theatre, City Hall, County Governance Buildings, Corbin Park, Mission Park, Witter Aquatic Center and Riverfront Park. Riverfront park is a 100-acre park with trails, carnival rides, swimming, kayaking and hosts outdoor events throughout the year and one of its multiple venues. The city acts as a regional hub for the areas of eastern Washington, Northern Idaho and Southern Alberta which draws in numerous business and tourism travelers. The Metro area had a gross metropolitan product of $27.8 Billion which is an increase of 45.5% since 2010. Major industries include telecommunications, financial services, transportation and governance and the top employers are in the government and education sectors. Spokane was nemed to the Forbes top 100 Best Places for Business and Careers as well as the top 25 in Cost of Doing Business. It is Washington State' s second largest city behind Seattle and has a population of 218,000 within five miles from the property.