7630 N Division St 69,625 SF 100% Leased Retail Building Spokane, WA 99208 $10,000,000 ($143.63/SF) 7.01% Cap Rate

Convenience, low prices, and easy shopping make CHEF’STORE the go-to food and kitchen supply warehouse for restaurants across the country. Their warehouse-format stores cater to the foodservice industry, but are also convenient one-stop-shops for home cooks as well. Customers choose CHEF’STORE to not only take advantage of a huge selection of competitively priced products, but because the service is second to none. They stand out from the competition thanks to their dedicated and helpful employees who prioritize customer service above all else.

Michaels is a privately held arts and crafts retailer headquartered in Irving, Texas. Founded in 1973 by Michael J. Dupey, the company grew from a single store in Dallas into the largest specialty crafting retailer in North America. Public records show that Michaels operates a broad retail network supported by a centralized headquarters that oversees merchandising, marketing, supply chain, and store operations. The company offers art supplies, home décor, seasonal goods, yarn and sewing materials, children’s craft products, and custom framing services. Michaels controls several private-label brands and maintains a significant e-commerce presence alongside its store operations. Over its history, the company has expanded through organic growth and acquisitions, becoming a major participant in the creative-hobby industry.