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Costco Outparcel NNN Retail Investment 5605 E Sprague Ave 38,016 SF 100% Leased Retail Building Spokane, WA 99212 $8,150,000 ($214.38/SF) 7.13% Cap Rate
Executive Summary
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
Amenities
- Bus Line
- Freeway Visibility
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Retailer
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- Triple Net
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Your Online General Store! Shop the casual lifestyle collection of comfortable clothing, sweatshirts, tees, accessories, sparkling jewelry, home décor and special gifts. You'll find heartwarming seasonal selections too. There’s something for everyone inside Country Store. Country Store was founded in 1973 and is part of Potpourri Group Inc. (PGI). From a single catalog title published in 1963, today PGI headquartered in North Billerica, Massachusetts is one of the largest multi-channel direct marketers in America.
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- Retailer
- -
- $15.81
- Triple Net
- Sep 2029
Dollar Tree began in 1986 as Only $1.00, building on earlier variety-store and toy-retail roots in Virginia. The company later adopted the Dollar Tree name and grew into a value retailer focused on everyday essentials, seasonal merchandise, and discovery-oriented shopping. Current offerings include housewares, cleaning supplies, candy, snacks, food, health and beauty products, toys, gifts, stationery, craft and party supplies, books, and seasonal décor. The business also sells through its digital channels, including case-pack ordering, store pickup, home delivery, and same-day local delivery from participating store locations.
- Precision Auto Glass
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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|
Retailer | - | - | Triple Net | - | |
|
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Retailer | - | $15.81 | Triple Net | Sep 2029 | |
| Precision Auto Glass | - | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 35144.9099 | Improvements Assessment | $5,481,600 |
| Land Assessment | $1,472,040 | Total Assessment | $6,953,640 |
Property Taxes
Presented by
Costco Outparcel NNN Retail Investment | 5605 E Sprague Ave
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