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Department Store

Big Lots | Office Depot | Skechers - Evergreen Marketplace

14008 E Sprague Ave, Spokane, WA 99216

Listing Price: $9,490,000

Cap Rate
7.25%
Tenant Name
Big Lots | Office Depot | Skechers
Years Remaining On Lease
9.5
Guarantor
Corporate Guarantee
Rentable SF
56,968
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.08

Investment Overview

This investment property offers a qualified buyer the chance for secure and passive income in a tax free state. The offer consists of three national, publicly traded, tenants with strong corporate guaranteed leases, and is strategically located in a Safeway anchored shopping center. The tenants are responsible for reimbursing taxes, insurance, and CAM expenses.

Investment Highlights

  • Three National Tenants - available as a portfolio sale
  • Passive investment opportunity with minimal landlord responsibilities
  • Taxes, insurance, and common area maintenance reimbursed by tenants
  • Corporate guaranteed leases
  • Publicly traded companies, NYSE:BIG, NYSE:ODP, NYSE:SKX
  • Excellent visibility on the main corridor of densely populated Spokane suburb
  • Located in Tax Free State
  • Strategically located retail in a Safeway anchored shopping center, with many points of access (NOTE: Safeway is not part of the transaction)

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

Department Store

Big Lots | Office Depot | Skechers - Evergreen Marketplace

Listing Price: $9,490,000

Cap Rate
7.25%
Tenant Name
Big Lots | Office Depot | Skechers
Years Remaining On Lease
9.5
Guarantor
Corporate Guarantee
Rentable SF
56,968
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.08

Investment Highlights

  • Three National Tenants - available as a portfolio sale
  • Passive investment opportunity with minimal landlord responsibilities
  • Taxes, insurance, and common area maintenance reimbursed by tenants
  • Corporate guaranteed leases
  • Publicly traded companies, NYSE:BIG, NYSE:ODP, NYSE:SKX
  • Excellent visibility on the main corridor of densely populated Spokane suburb
  • Located in Tax Free State
  • Strategically located retail in a Safeway anchored shopping center, with many points of access (NOTE: Safeway is not part of the transaction)

Investment Overview

This investment property offers a qualified buyer the chance for secure and passive income in a tax free state. The offer consists of three national, publicly traded, tenants with strong corporate guaranteed leases, and is strategically located in a Safeway anchored shopping center. The tenants are responsible for reimbursing taxes, insurance, and CAM expenses.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

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