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Deer Heights 9226 West US 2
5,325 SF 66% Leased Retail Building Spokane, WA 99224 $5,155,740 ($968/SF) 5% Cap Rate
Investment Highlights
- pickup window
- Located at the intersection of W 12th Ave and Highway 2 with over 31,000 VPD
- Monument Sign
- Surrounding businesses including Walmart, Hilton Garden Inn, Jersey Mike’s Subs, Dollar Tree and much more
Executive Summary
acquire a Multi-Tenant NNN Leased Investment located in Spokane,
Washington. This prime property features a Chipotle with the new
prototype design that consists of a pickup window “Chipotlane” for
customers with meals preordered in the Chipotle mobile-app. The
property also features a Wingstop, on a newly commenced ten-year
lease. Positioned on a +/- 1.51-acre lot and featuring a Monument
Sign, this site is ideally located at the intersection of W 12th Ave and
Highway 2 with over 31,000 VPD (Vehicles Per Day) on Hwy 2. The
site is situated on North 40 Pad Site with some of the surrounding
businesses including Walmart, Hilton Garden Inn, Jersey Mike’s
Subs, Dollar Tree and much more
Property Facts
Amenities
- Monument Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Chipotle
- Accommodation and Food Services
- 2,325 SF
- $62.36
- Triple Net
- -
-
- Accommodation and Food Services
- 1,200 SF
- $37.00
- Triple Net
- -
Wingstop is a high-growth franchisor and operator of restaurants that specialize in cooked-to-order, handsauced and tossed chicken wings. Founded in 1994 in Garland, Texas, they pioneered the concept of wings as a “center-of-the-plate” item for all of meal occasions. They offer numerous bold, distinctive and craveable flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides made fresh daily. Their menu is highly customizable for different dining occasions, and they believe it delivers a compelling value proposition for groups, families, and individuals.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Chipotle | Accommodation and Food Services | 2,325 SF | $62.36 | Triple Net | - | |
|
|
Accommodation and Food Services | 1,200 SF | $37.00 | Triple Net | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,800 SF | Retail | - | Now |
1st Floor
| Size |
| 1,800 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,800 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
PROPERTY TAXES
| Parcel Number | 25194.9067 | Improvements Assessment | $0 |
| Land Assessment | $990,410 | Total Assessment | $990,410 |
PROPERTY TAXES
-
Blake Federinko -
Brandi Ho -
Michael Jenkins -
MAJ Commercial Real Estate
Presented by
Deer Heights | 9226 West US 2
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