Property Details

1830 N Division St

Spokane, WA 99207

$2,620,370

Available

CBA# 713038 courtesy of CBA Listing firm: Kidder Mathews

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Office / Retail

Property Type

2,627

Bldg Sq Ft

5.00%

Cap Rate

1971

Year Built

Property Overview

We are pleased to present the opportunity to acquire a new construction Valvoline, strategically positioned in rapidly growing Spokane, WA. This opportunity features extremely strong real estate fundamentals with a 15-year ground lease featuring no landlord responsibilities located in the 2nd largest city in Washington State.2025 Construction with 15-year absolute NNN ground lease with no landlord responsibilitiesSpokane is the 2nd largest city in Washington State10% rental increases every 5 years throughout initial term and beginning of each option periodValvoline Corporate Guaranteed leaseValvoline has over 2,000 locations in the United States and Canada with plans to expand to 3,500 locations in North AmericaLocated on a signalized hard corner with over 40,000 VPD