Three-Restaurant Portfolio for
5406 N Division Spokane, WA 99207
For Sale
Contact for pricing
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 Market302
Property Features for 5406 N Division
General Information
Standard status
Active
Size
24,158 SF
Property subtype
RETAIL
Listing Agency:
Black Commercial, Inc.
(509) 622-3554
Listed By:
Mark McLees
(509) 622-3554
Source:
Moodyscre
Added: Oct 1, 2025
Changed: Jul 27
Last Checked: Jul 29 at 1:54PM
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $420.3k | $17.40 |
| − Vacancy | −$29.4k | −$1.22 |
| EGI | $390.9k | $16.18 |
| − OpEx | −$97.7k | −$4.05 |
| NOI | $293.2k | $12.14 |
24,158 SF · lease $17.40/SF/yr · vacancy 7.00% · expense 25.00%
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
Location Intelligence
Current Use
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
