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Goodwill & Planet Fitness 2282 N Ash St 43,324 SF 100% Leased Retail Building Spokane, WA 99205 $8,500,000 ($196.20/SF) 6.50% Cap Rate



Investment Highlights
- High Visibility and Accessibility
- Established Brand Identity
- Ample Parking
- Strong Tenant Mix
- Stable Foot Traffic
- Resilience to E-commerce Disruption
Executive Summary
Welcome to an investment opportunity that captures the essence of growth, stability, and community engagement. Nestled in the heart of North Spokane, this two-tenant retail center presents a compelling proposition for astute investors seeking a strategic foothold in a thriving and promising location.
Situated at the crossroads of convenience and potential, this retail center enjoys unparalleled visibility and accessibility. Its strategic placement in North Spokane positions it as a pivotal destination for both residents and commuters, offering a gateway to urban amenities and a vibrant community. Boasting two powerhouse tenants, Planet Fitness and Goodwill, this retail center presents a harmonious blend of attractions. Planet Fitness, a leading fitness franchise, draws health-conscious individuals seeking an affordable and judgment-free workout experience. Goodwill, a nonprofit icon, attracts budget-savvy shoppers with its array of quality thrift goods. The synergy between these tenants creates a dynamic atmosphere that thrives on diverse foot traffic and fosters sustained patronage.
Investors will appreciate the inherent resilience of this property. Both Planet Fitness and Goodwill are well-positioned to weather the storms of economic uncertainty and digital disruption. Their services offer tangible experiences that online platforms cannot replicate, ensuring a continuous flow of customers seeking personal connections and meaningful interactions. Beyond its commercial appeal, this retail center seamlessly integrates into the fabric of the community. Goodwill’s mission-driven approach resonates with socially conscious consumers, enhancing its reputation as a community pillar. As residents visit for fitness or thrift finds, they become part of a larger narrative of growth and shared values. Investing in North Spokane means embracing a future of growth and potential. With urban development expanding, property values appreciating, and a diverse economic landscape, this location offers a canvas of opportunity waiting to be painted.
Situated at the crossroads of convenience and potential, this retail center enjoys unparalleled visibility and accessibility. Its strategic placement in North Spokane positions it as a pivotal destination for both residents and commuters, offering a gateway to urban amenities and a vibrant community. Boasting two powerhouse tenants, Planet Fitness and Goodwill, this retail center presents a harmonious blend of attractions. Planet Fitness, a leading fitness franchise, draws health-conscious individuals seeking an affordable and judgment-free workout experience. Goodwill, a nonprofit icon, attracts budget-savvy shoppers with its array of quality thrift goods. The synergy between these tenants creates a dynamic atmosphere that thrives on diverse foot traffic and fosters sustained patronage.
Investors will appreciate the inherent resilience of this property. Both Planet Fitness and Goodwill are well-positioned to weather the storms of economic uncertainty and digital disruption. Their services offer tangible experiences that online platforms cannot replicate, ensuring a continuous flow of customers seeking personal connections and meaningful interactions. Beyond its commercial appeal, this retail center seamlessly integrates into the fabric of the community. Goodwill’s mission-driven approach resonates with socially conscious consumers, enhancing its reputation as a community pillar. As residents visit for fitness or thrift finds, they become part of a larger narrative of growth and shared values. Investing in North Spokane means embracing a future of growth and potential. With urban development expanding, property values appreciating, and a diverse economic landscape, this location offers a canvas of opportunity waiting to be painted.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Health Club
Building Size
43,324 SF
Building Class
B
Year Built
1980
Price
$8,500,000
Price Per SF
$196.20
Cap Rate
6.50%
NOI
$552,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
2.75 AC
Zoning
C
Parking
150 Spaces (3.67 Spaces per 1,000 SF Leased)
Frontage
109’ on W Northwest Blvd
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
- Drive Thru
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 25124.4915 | Improvements Assessment | $6,284,700 |
| Land Assessment | $1,076,680 | Total Assessment | $7,361,380 |
Property Taxes
Parcel Number
25124.4915
Land Assessment
$1,076,680
Improvements Assessment
$6,284,700
Total Assessment
$7,361,380
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Goodwill & Planet Fitness | 2282 N Ash St
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