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Wake Up Call Coffee 1621 W Northwest Blvd 1,248 SF Retail Building Spokane, WA 99205 $2,880,000 ($2,307.69/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. Voted “Best Drive-Thru Coffee” four years in a
- Primary daily needs retail arterial, connecting directly to Interstate 90 and Downtown Spokane.
- Absolute NNN lease structure provides zero Landlord responsibilities. Seller to execute a brandnew lease at closing
- High-visibility location with frontage on Northwest Blvd. and Ash St. with multiple points of ingress and egress.
- Shadow-anchored by a Planet Fitness and Goodwill, and located directly across the street from a high-volume Safeway with strong annual sales.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,248 SF
Building Class
B
Year Built
1999
Price
$2,880,000
Price Per SF
$2,307.69
Cap Rate
5%
NOI
$144,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.49 AC
Zoning
Community Business - Community Business
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 25121.6403 | Improvements Assessment | $737,700 |
| Land Assessment | $304,550 | Total Assessment | $1,042,250 |
PROPERTY TAXES
Parcel Number
25121.6403
Land Assessment
$304,550
Improvements Assessment
$737,700
Total Assessment
$1,042,250
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Wake Up Call Coffee | 1621 W Northwest Blvd
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