Anchored Retail Investment
7630 N Division St, Spokane, WA 99208
Durable income with established national tenants and attractive assumable financing.
Type:Retail
Property size:
51,086 SFPrice / SF:
$192/SF- Added:
- Feb 25, 2026
- Days on Market:
- 76
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 7630 N Division St
General Information
- Standard status
- Active
- Size
- 51,086 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1978
Listing agent Sean Tufts License #WA 74057
Listing office Northmarq - Seattle
Listing date Feb 25, 2026
Source Crexi
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 Northmarq - Seattle
HighLights
- Attractive assumable financing at a 3.74% interest rate, providing a going‑in 7.83% cash‑on‑cash return.
- Priced at $193/SF, a meaningful discount to replacement cost.
- Anchored by established national tenants, Michaels and US Foods CHEF’STORE, both occupying their spaces for more than 25 years.
- Strong tenant performance supported by high consumer demand.
- Located within a larger retail center anchored by Grocery Outlet & Hobby Lobby with overall center recording 2.2M annual visits.
- Positioned with direct frontage on US‑2, capturing daily exposure.
Overview
This commercial real estate offering features a retail property anchored by Michaels and US Foods CHEF’STORE, both of which have been tenants for over 25 years. Michaels recently exercised a 5-year extension, with both leases running through 2030. US Foods CHEF’STORE ranks in the top 10 nationwide across all CHEF’STORE locations by annual visits (334K), and Michaels welcomes 261K annual visits. The property benefits from assumable financing at a 3.74% interest rate with a 25-year amortization and maturity of August 1, 2036. The property is priced at $193/SF. The property is situated within a larger retail center anchored by Grocery Outlet & Hobby Lobby, with the overall center recording 2.2M annual visits and national co-tenancy including Aaron’s and Dollar Tree. Positioned with direct frontage on US-2, the property captures daily exposure to 42,000+ vehicles. The surrounding customer base continues to expand, with the population within five miles growing more than 15% since 2010 and additional growth projected through 2030. Several residential communities are underway to meet demand, including Mead Works, a ~1,400-home master-planned development located just minutes north of the property. The property size is 51086 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Michaels
(Bike/Boat/Book/etc) Store
Michaels Custom Framing
(Bike/Boat/Book/etc) Store
UPS Access Point ...
Courier Service
US Foods CHEF'STORE
Grocery & Convenience Store
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Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.409177
- Latitude
- 47.72728
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Durable income with established national tenants and attractive assumable financing.
Where is this shopping center located?
The property is located at 7630 N Division St Spokane, WA.
What is the asking price?
The asking price for this property is $9,850,000.
What are key features of this property?
This property features: Attractive assumable financing at a 3.74% interest rate, providing a going‑in 7.83% cash‑on‑cash return.; Priced at $193/SF, a meaningful discount to replacement cost.; Anchored by established national tenants, Michaels and US Foods CHEF’STORE, both occupying their spaces for more than 25 years.
