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1621 W Northwest Blvd
Spokane, WA 99205
Wake Up Call Coffee · Retail Property For Sale
Investment Highlights
- 10-Year term with annual 2% rent increases. Yield increases 100 basis points in the primary term.
- Strong regional brand with 49+ locations and 20+ years of operational success, all 100% company owned.
- Primary daily needs retail arterial, connecting directly to Interstate 90 and Downtown Spokane.
- Absolute NNN lease structure provides zero Landlord responsibilities. Seller to execute a brand-new lease at closing.
- High-visibility location with frontage on Northwest Blvd. and Ash St. with multiple points of ingress and egress.
- Shadow-anchored by a Planet Fitness and Goodwill, and located directly across the street from a high-volume Safeway with strong annual sales.
Executive Summary
The Offering provides the opportunity to acquire a Wake Up Call Coffee backed by a new 10-year absolute NNN lease with annual rent increases of 2%, to be executed at closing. Wake Up Call Coffee is a rapidly growing, privately held coffee chain with 49+ company-owned locations across three different states, with an extremely loyal customer base. The Property is highly visible at the hard corner of Northwest Blvd. and Ash St., two primary daily-needs retail corridors with high traffic counts of 31,500 VPD. The Property is pad to a Planet Fitness and Goodwill and is directly across the street from a high-volume Safeway, bringing strong daily draw to the immediate area.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,248 SF
Building Class
B
Year Built
1999
Price
$3,586,072 CAD
Price Per SF
$2,873.46 CAD
Cap Rate
5.50%
NOI
$197,234 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.49 AC
Zoning
Community Business - Community Business
Property Taxes
| Parcel Number | 25121.6403 | Improvements Assessment | $1,008,901 CAD |
| Land Assessment | $416,512 CAD | Total Assessment | $1,425,412 CAD |
Property Taxes
Parcel Number
25121.6403
Land Assessment
$416,512 CAD
Improvements Assessment
$1,008,901 CAD
Total Assessment
$1,425,412 CAD
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