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5605 E Sprague Ave 38,016 SF 100% Leased Retail Building Spokane, WA 99212 $11,624,090 CAD ($305.77 CAD/SF) 6.55% Cap Rate

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EXECUTIVE SUMMARY

Exceptional fully leased investment opportunity positioned as an outparcel to Costco, offering strong visibility and traffic counts along Sprague Avenue. The property is anchored by a complementary mix of national and regional tenants, including Dollar Tree, Boot Barn, and Aslin Finch, providing stable income and long-term appeal.
The site also offers future upside with the potential to develop an additional pad fronting Sprague Avenue, enhancing value through expansion or redevelopment. Strategically located within a high-demand retail corridor, this asset presents an attractive opportunity for investors seeking reliable cash flow with built-in growth potential.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
38,016 SF
Building Class
B
Year Built
1999
Price
$11,624,090 CAD
Price Per SF
$305.77 CAD
Cap Rate
6.55%
NOI
$761,103 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.21
Lot Size
4.25 AC
Zoning
RC
Parking
214 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
268’ on E Sprague

AMENITIES

  • Bus Line
  • Freeway Visibility

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • -
  • Triple Net
  • -

Your Online General Store! Shop the casual lifestyle collection of comfortable clothing, sweatshirts, tees, accessories, sparkling jewelry, home décor and special gifts. You'll find heartwarming seasonal selections too. There’s something for everyone inside Country Store. Country Store was founded in 1973 and is part of Potpourri Group Inc. (PGI). From a single catalog title published in 1963, today PGI headquartered in North Billerica, Massachusetts is one of the largest multi-channel direct marketers in America.

  • Retailer
  • -
  • $21.62 CAD
  • Triple Net
  • Sep 2029

At Dollar Tree, they are working hard to create an environment where shopping is fun… a place where customers can discover new treasures every week… a store where entire families can enjoy hunting for that special something. They bring it all to people in stores that are bright and well lit, clean and well organized… and stocked with the items people are looking for! Just as important, especially during these tough economic times, they continue to offer customers the products they need at extreme values! They are expanding assortment of merchandise, constantly bringing people new and exciting items. Some of the product departments people find at a Dollar Tree store in Canada include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and more!

  • Precision Auto Glass
  • -
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - Triple Net -
Retailer - $21.62 CAD Triple Net Sep 2029
Precision Auto Glass - - - - -

NEARBY MAJOR RETAILERS

Sunbelt Rentals
CrossFit
Starbucks
United Rentals
Grocery Outlet
Banner Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
35144.9099
Land Assessment
$2,013,074 CAD
Improvements Assessment
$7,496,307 CAD
Total Assessment
$9,509,381 CAD
  • Listing ID: 38890898

  • Date on Market: 2025-12-23

  • Last Updated:

  • Address: 5605 E Sprague Ave, Spokane, WA 99212

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