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Executive Summary

Retail Center anchored by Safeway (Safeway building not included in sale). Leased investment with two national tenants: Office Depot & Skechers. See flyer for detailed information.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
57,014 SF
Building Class
B
Year Built
1996
Price
$10,200,000
Price Per SF
$178.90
Cap Rate
7.40%
NOI
$754,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
6 Exterior
Building FAR
0.28
Lot Size
4.61 AC
Zoning
CC - Community Commercial
Parking
350 Spaces (3.05 Spaces per 1,000 SF Leased)
Frontage
758’ on E Sprague Ave

Amenities

  • Pylon Sign
  • Signalized Intersection

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $10.79
  • Triple Net
  • -

Office Depot began in 1986 and grew from an office-supply retailer into a broader workplace solutions business. Office Depot’s consumer and business offerings include office supplies, furniture, technology products, print and copy services, and shipping-related services, while its business-facing operations are supported through ODP Business Solutions. The company’s current web presence reflects a mix of retail and business-to-business services aimed at helping organizations and individual customers source everyday workplace essentials.

  • Retailer
  • -
  • $13.00
  • Triple Net
  • -

Skechers U.S.A. is a global footwear and apparel company founded in 1992 by Robert Greenberg. Skechers began as a distributor of Dr. Martens before launching its own line of utility-style boots, which gained popularity during the grunge era. Over the years, the company expanded into lifestyle and performance footwear for men, women, and children, as well as apparel and accessories. Skechers operates through wholesale and direct-to-consumer channels, including e-commerce and company-owned retail stores.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - $10.79 Triple Net -
Retailer - $13.00 Triple Net -
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100

Nearby Major Retailers

Safeway
Starbucks
Planet Fitness
9Round
Trader Joe's
Rent-A-Center
U.S. Bank
Bank of America
Washington Trust Bank
Global Credit Union

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 45232.9150
  • 45232.9153
  • 45232.9149
Land Assessment
$1,405,680
Improvements Assessment
$6,882,200
Total Assessment
$8,287,880
  • Listing ID: 36171798

  • Date on Market: 6/9/2025

  • Last Updated:

  • Address: 14008-14024 E Sprague Ave, Spokane Vly, Spokane Valley, WA 99216

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