9926 W US 2 HWYSpokane, WA99224

$5,155,740
$257,787 annual income
5325 sq. ft
1.51 acres
Acres1to3
Zoning: CC
39 days on market

VestorFilter™

Price per ft²$968.21/ft²
Price per acre$3.41M/ac
Time on market39 days

Property Description

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. Income tax free state. Both Tenants pay a Monthly Management Fee totaling $385.00 per month, allowing the Buyer to have the property professionally managed at no additional cost. 1,800 SF vacant space for future retail. Potential gross income $257,787. 5% Cap.

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Financial Data

Original Price$5,155,740
Current Price$5,155,740

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Home Facts

StatusActive
Year Built2023
Stories1
MLS ID24108202