Auto Parts
Wilde Automotive
103 Lincoln Rd, Spokane, WA 99208
Listing Price: $1,478,571
Investment Overview
This offering presents the opportunity to acquire a long-term, triple-net leased auto service property secured by Wilde Automotive Repair, featuring 18 years of firm lease term remaining with 15% rental increases every five years. The tenant operates from a recently renovated 5,014 SF facility (2025 capital improvements including new roof, drains, and drywells), minimizing near-term capital expenditure risk. Positioned just off the signalized corner of E Lincoln Rd and N Division St—one of Spokane’s primary retail corridors with over 43,552 vehicles per day—the asset benefits from exceptional visibility within a dominant national retail trade area shadow anchored by major big-box and lifestyle tenants. Supported by strong surrounding demographics, dense residential rooftops, and long-term lease structure, this property offers investors durable cash flow, attractive built-in income growth, and stable intrinsic real estate value in an established infill market.
Investment Highlights
- Spokane continues to outpace national average growth, with the Spokane-Coeur d'Alene metro area expanding approximately 10% since 2020.
- Spokane remains an attractive destination due to lower housing costs and lower overall cost of living compared to West Coast cities like Seattle, Portland, San Francisco, and Los Angeles.
- The Spokane metro has seen continued employment expansion across key sectors including healthcare, education, manufacturing, logistics, and professional services.
Exclusively Listed By
Broker of Record
-
Joel Deis
Senior Managing Director, Market Leader- Washington
Listing Price: $1,478,571
Investment Highlights
- Spokane continues to outpace national average growth, with the Spokane-Coeur d'Alene metro area expanding approximately 10% since 2020.
- Spokane remains an attractive destination due to lower housing costs and lower overall cost of living compared to West Coast cities like Seattle, Portland, San Francisco, and Los Angeles.
- The Spokane metro has seen continued employment expansion across key sectors including healthcare, education, manufacturing, logistics, and professional services.
Investment Overview
This offering presents the opportunity to acquire a long-term, triple-net leased auto service property secured by Wilde Automotive Repair, featuring 18 years of firm lease term remaining with 15% rental increases every five years. The tenant operates from a recently renovated 5,014 SF facility (2025 capital improvements including new roof, drains, and drywells), minimizing near-term capital expenditure risk. Positioned just off the signalized corner of E Lincoln Rd and N Division St—one of Spokane’s primary retail corridors with over 43,552 vehicles per day—the asset benefits from exceptional visibility within a dominant national retail trade area shadow anchored by major big-box and lifestyle tenants. Supported by strong surrounding demographics, dense residential rooftops, and long-term lease structure, this property offers investors durable cash flow, attractive built-in income growth, and stable intrinsic real estate value in an established infill market.
Exclusively Listed By
Broker of Record
-
Joel Deis
Senior Managing Director, Market Leader- Washington