1300-1312 N Mullan Rd 13,419 SF Retail Building Spokane Valley, WA 99206 $2,800,000 ($208.66/SF) 6.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent Visibility, High Traffic Counts, Great Parking
- Well Established Tenant Base
- Corner Lot, Easy Freeway Access, Rapidly Growing Cooridor
EXECUTIVE SUMMARY
Bread & Butter NNN Investment in Premium location on N Mullan Corridor, main thoroughfare in heart of rapidly growing Spokane Valley, WA. Excellent street frontage, high vehicle traffic exposure, easy ingress/egress, superior parking, 1 Block S of I-90 Argonne Exit. New Roof, Exterior Paint & Parking Surface, Well Maintained, Upside in Rents. 13,419 SqFt Retail Center, 1 Building, 0.98 acres
Premium Spokane Valley Location, Easy I-90 Access, High Visibility, 20,000+ VDT, Superior Parking @ 4.2/1000, Convenient Ingress/Egress (3 curb cuts), New Roof, Paint & Parking Surface. All Ground Floor Suites w/ ADA Parking & ADA Compliant Restrooms, Front & Rear Access to Suites, Corner Property. Gas Forced Air Heat, Electric Utilities | Separately Metered | Excellent Signage | Pylon & Building, Lighted
Shadow Anchored by National Tenants | Rite Aid , ACE Hardware, Holiday & Fairfield Inns, Union 76, Little Caesars, CENEX, Eden Home Health. **Listing Agent has Ownership Interest in property.
Premium Spokane Valley Location, Easy I-90 Access, High Visibility, 20,000+ VDT, Superior Parking @ 4.2/1000, Convenient Ingress/Egress (3 curb cuts), New Roof, Paint & Parking Surface. All Ground Floor Suites w/ ADA Parking & ADA Compliant Restrooms, Front & Rear Access to Suites, Corner Property. Gas Forced Air Heat, Electric Utilities | Separately Metered | Excellent Signage | Pylon & Building, Lighted
Shadow Anchored by National Tenants | Rite Aid , ACE Hardware, Holiday & Fairfield Inns, Union 76, Little Caesars, CENEX, Eden Home Health. **Listing Agent has Ownership Interest in property.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
13,419 SF
Building Class
B
Year Built
1985
Price
$2,800,000
Price Per SF
$208.66
Cap Rate
6.40%
NOI
$179,200
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.98 AC
Zoning
GO
Parking
52 Spaces (4.69 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 45172.0834 | Improvements Assessment | $1,721,300 |
| Land Assessment | $253,520 | Total Assessment | $1,974,820 |
