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5605 E Sprague Ave
Spokane, WA 99212
Retail Property For Sale
EXECUTIVE SUMMARY
Exceptional fully leased investment opportunity positioned as an outparcel to Costco, offering strong visibility and traffic counts along Sprague Avenue. The property is anchored by a complementary mix of national and regional tenants, including Dollar Tree, Boot Barn, and Aslin Finch, providing stable income and long-term appeal.
The site also offers future upside with the potential to develop an additional pad fronting Sprague Avenue, enhancing value through expansion or redevelopment. Strategically located within a high-demand retail corridor, this asset presents an attractive opportunity for investors seeking reliable cash flow with built-in growth potential.
The site also offers future upside with the potential to develop an additional pad fronting Sprague Avenue, enhancing value through expansion or redevelopment. Strategically located within a high-demand retail corridor, this asset presents an attractive opportunity for investors seeking reliable cash flow with built-in growth potential.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
38,016 SF
Building Class
B
Year Built
1999
Price
$8,500,000
Price Per SF
$223.59
Cap Rate
6.55%
NOI
$556,549
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.21
Lot Size
4.25 AC
Zoning
RC
Parking
214 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
268’ on E Sprague
AMENITIES
- Bus Line
- Freeway Visibility
PROPERTY TAXES
| Parcel Number | 35144.9099 | Improvements Assessment | $5,481,600 |
| Land Assessment | $1,472,040 | Total Assessment | $6,953,640 |
PROPERTY TAXES
Parcel Number
35144.9099
Land Assessment
$1,472,040
Improvements Assessment
$5,481,600
Total Assessment
$6,953,640
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