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Shopping Strip

Holland Ave Retail Center | Featuring Drive-Thru and Below Market Rents

521 E Holland Ave, Spokane, WA 99218

Listing Price: $2,675,000

Cap Rate
7.32%
Gross SF
10,684
Rentable SF
10,684
Price/Gross SF
$250.37
Lot Size
1.15 acres
Year Built
2009

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale the Holland Ave Retail Center. The Property features a rare drive-thru and low average rent compared to the surrounding area. Holland Ave Retail Center is located less than a mile from the future development of 1,400 residences as well as 1.2 million SF of commercial space. The development and low average rent provide future leasing upside. The Property is located in Spokane, WA and benefits from an average household income within a 5-mile radius of over $72,767 and a 12.39% population growth since the 2010 census.

Investment Highlights

  • RARE DRIVE-THRU RETAIL CENTER
  • LOW AVERAGE RENT
  • PRICED WELL BELOW REPLACEMENT COST
  • LOCATED LESS THAN 1 MILE FROM PROPOSED DEVELOPMENT
  • LOCATED LESS THAN 1 MILE FROM PROPOSED DEVELOPMENT
  • EXCELLENT RETAIL LOCATION TUCKED BETWEEN NEWPORT HWY AND NEVADA ST WITH OVER 50,000 VPD
  • HIGH BARRIERS TO ENTRY FOR NEW RETAIL DEVELOPMENT
  • AFFLUENT DEMOGRAPHICS

Exclusively Listed By

Financing By

Shopping Strip

Holland Ave Retail Center | Featuring Drive-Thru and Below Market Rents

Listing Price: $2,675,000

Cap Rate
7.32%
Gross SF
10,684
Rentable SF
10,684
Price/Gross SF
$250.37
Lot Size
1.15 acres
Year Built
2009

Investment Highlights

  • RARE DRIVE-THRU RETAIL CENTER
  • LOW AVERAGE RENT
  • PRICED WELL BELOW REPLACEMENT COST
  • LOCATED LESS THAN 1 MILE FROM PROPOSED DEVELOPMENT
  • LOCATED LESS THAN 1 MILE FROM PROPOSED DEVELOPMENT
  • EXCELLENT RETAIL LOCATION TUCKED BETWEEN NEWPORT HWY AND NEVADA ST WITH OVER 50,000 VPD
  • HIGH BARRIERS TO ENTRY FOR NEW RETAIL DEVELOPMENT
  • AFFLUENT DEMOGRAPHICS

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale the Holland Ave Retail Center. The Property features a rare drive-thru and low average rent compared to the surrounding area. Holland Ave Retail Center is located less than a mile from the future development of 1,400 residences as well as 1.2 million SF of commercial space. The development and low average rent provide future leasing upside. The Property is located in Spokane, WA and benefits from an average household income within a 5-mile radius of over $72,767 and a 12.39% population growth since the 2010 census.

Exclusively Listed By

Financing By

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