7905 N Division St
Spokane, WA 99208
Walgreens With Increases · Retail Property For Sale

Rare Walgreens Drugstore with Increases Located across from Costco - Rare Ground Lease Walgreens with Increases Every Ten Years - 24-Hour Location with Drive-Thru - Successful Location with Long-Term Occupancy; Walgreens has Occupied this Building Since 2000 - Corporate Guarantee Pride of Ownership Spokane Real Estate by Gonzaga University - Property is located 4 miles from Gonzaga University with over 7,400 Students - Multiple schools with over 1,600 students located within 1 mile of the property - Located in infill area with high population of over 174,000 within 5 miles Great Addition to Portfolio for Long-Term Investors - Well trafficked store with well below market rent - Easy to own ground lease NNN investment requires no management or maintenance ideal for investors not local to the market - Walgreens' s ground lease payment is extremely low and equivalent to building rent of only $1.10 /SF Outstanding Real Estate Fundamentals - Property is located on the corner of signalized intersection with over 53,000 VPD - Property is located on major commercial corridor with multiple credit tenants s uch as Costco, Home Depot, Walmart Super Center, Target, Lowe' s Home Improvement, Grocery Outlet, Hobby Lobby, Michaels, Wells Fargo, McDonald' s, Golden Corral, and many more