Three-Restaurant Portfolio for
For Sale
Contact for pricing
5406 N Division, Spokane, WA 99207
Portfolio sale includes three restaurants, featuring Thai Bamboo, offered with separate allocation for real estate and business value.
Property Size24,158 SF
Price / SF$331.15
Days on Market374
Property Features for 5406 N Division
General Information
Standard status
Active
Size
24,158 SF
Property subtype
RETAIL
Additional Details
Business Included
Yes
Listing Agency:
Black Commercial, Inc.
(509) 623-1000
Listed By:
Mark McLees
(509) 622-3554
Source:
Moodyscre
Added: Oct 1, 2025
Changed: Oct 3
Last Checked: Oct 7 at 3:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Black Commercial, Inc.
Investment Insights
Based on property information with market context.
This offering is a three-restaurant portfolio for sale, featuring Thai Bamboo. The deal structure presented in the listing allocates value between the real estate and the business.
The portfolio is located at 5406 N Division in Spokane, Washington 99207. No additional unit-level layouts, lease details, or other operating information is provided in the available materials.
Interested parties may review the allocation between real estate and business as shown in the listing terms. Further underwriting details would be needed to evaluate the individual restaurants within the portfolio.
The portfolio is located at 5406 N Division in Spokane, Washington 99207. No additional unit-level layouts, lease details, or other operating information is provided in the available materials.
Interested parties may review the allocation between real estate and business as shown in the listing terms. Further underwriting details would be needed to evaluate the individual restaurants within the portfolio.
Key Highlights
- Three‑restaurant portfolio for sale: Thai Bamboo
- Sale price is $8M
- Allocation includes $7.5M applied to real estate and $500K for business value
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$293,194
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,863,880
$5.9M
Cap Rate 7%
$4,188,486
$4.2M
Cap Rate 9%
$3,257,711
$3.3M
Market Conditions
NOI Build-Up for 24,158 SF
Gross rent
$420.3K $17.40/SF
− Vacancy
−$29.4K −$1.22/SF
EGI
$390.9K $16.18/SF
− OpEx
−$97.7K −$4.05/SF
NOI
$293.2K $12.14/SF
Area
Spokane, WA
Vacancy
7.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,863,880
Cap Rate 7%
$4,188,486
Cap Rate 9%
$3,257,711
Alternative Uses
Best Use
Specialty Retail
$4.19M
$3.66M – $4.89M
NOI $293,194 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.23M
$5.45M – $7.27M
NOI $436,293 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,604
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99207, WA
32,059
Population
13,673
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
6,165
Density / Sq Mi
$55,548
Median Household Income
$31,712
Median Earnings
$1,127
Median Rent
$246,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Moon's Mongolian Grill — 6429 N Division St, Spokane, WA 99208
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Portfolio sale includes three restaurants, featuring Thai Bamboo, offered with separate allocation for real estate and business value.
Where is this conventional restaurant located?
The property is located at 5406 N Division Spokane, WA.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Three‑restaurant portfolio for sale: Thai Bamboo; Sale price is $8M; Allocation includes $7.5M applied to real estate and $500K for business value
