9520 N Newport Hwy | Spokane, WA 99218
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- LoopNet Team
9520 N Newport Hwy
Spokane, WA 99218
3-Tenant Ross/Home Goods/Planet Fitness · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% of the Income Stream Is From National Tenants – HomeGoods, Ross Dress for Less, Planet Fitness
- Value Add With NOI Upside
- Well Below Replacement & Below Market Rents | $175 PSF
- 10-Yrs Corporate Executed Leases / Growing Income Stream
- Ease of Management & 100% Leased
- Heavy Traffic / Dense Retail Corridor with Close Proximity to Major Economic Drivers
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
74,000 SF
Building Class
B
Year Built/Renovated
1986/2023
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.23
Lot Size
7.47 AC
Zoning
Commercial - Commercial
Parking
225 Spaces (2.39 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 36173.1340 | Improvements Assessment | $5,683,770 |
| Land Assessment | $3,112,972 | Total Assessment | $8,796,742 |
PROPERTY TAXES
Parcel Number
36173.1340
Land Assessment
$3,112,972
Improvements Assessment
$5,683,770
Total Assessment
$8,796,742
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