INVESTMENT HIGHLIGHTS
SHADOW ANCHORED BY THE #1 SAFEWAY LOCATION IN THE SPOKANE/COEUR D'ALENE MSA
The Property benefits from its close proximity to a high-volume Safeway store ranked #1 of 17 different Safeway locations in the Spokane/Coeur D’Alene MSA according to Placer.Ai. The Subject Property’s close proximity to this high-volume grocery store creates a consistent traffic draw to the center.
HIGH-VISIBILITY LOCATION WITH STRONG TRAFFIC COUNTS
The Property benefits from visibility to over 31,000 vehicles per day, ample parking and multiple points of ingress and egress.
ADJACENT TO NEW MAJOR FREEWAY
The Subject Property is located adjacent to the new North-South Freeway to be completed in 2030, which will see an estimated 65,000+ VPD. This new traffic arterial will significantly increase exposure to the Property, resulting in increased tenant sales volume and higher achievable rents.
NNN LEASES/LOW MANAGEMENT
All Tenants at the center operate on NNN leases, minimizing Landlord management/repair responsibility. Landlord is fully reimbursed for Management Fee by all Tenants.
VALUE-ADD OR OWNER/USER OPPORTUNITY
At closing the Seller will sign a 1-year lease for Suite 4007, providing an Investor time to find a long-term tenant while collecting income. Alternatively, an Owner/User could occupy this space immediately, without the Seller lease.
DIVERSE, SERVICE-ORIENTED TENANT MIX
The Property is leased to a mix of diverse food and service based tenants, diversifying the income stream and providing a hedge against e-commerce.
STRATEGIC LOCATION
The Property benefits from close proximity to Gonzaga University, Spokane Community College, Rogers High School, Shaw Middle School, and many national tenants including Safeway, Ace Hardware, Jack in the Box, MOD Pizza, Taco Bell, and more.
HIGH-QUALITY CONSTRUCTION WITH RECENT IMPROVEMENTS
The Subject Property shows very well and features high-quality construction with recent improvements including a fresh parking lot seal coat and stripe.
LOCATED IN HIGH-GROWTH SUBMARKET
The Property benefits from over 140,000 residents within a five-mile radius and over 12% population growth over the last 10 years.
Income Tax Free State
Washington State is an income tax free state.
Listing Agents:
CLAYTON J. BROWN
