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    3024 Regal St Spokane, WA 99223

    For Sale
    $340,000

    High-Profit Drive-Thru, Excellent ROI

    Property size:
    3,564 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional drive-thru restaurant in Spokane, WA, presents a lucrative investment opportunity. Boasting 3,564 square feet, this Class A property, built in 1995, offers a compelling 35.29% cap rate and a substantial net operating income (NOI) of $120,000. The asking price is $340,000, translating to $95.40 per square foot. The business itself shows a strong track record, with a 2023 net profit of $119,187 before add-backs, indicating high-volume gross sales and a history of success. The property sits on an attractive ground lease with a monthly cost of $6,500 NNN. This established business offers flexibility: continue operating under the existing franchise agreement (with a 1.5% franchise fee) or transition to your own unique drive-thru concept. Located at 3024 S Regal St, Spokane, WA 99223, this property is ideally situated within Spokane County. Detailed financial information is available upon request. This is a rare chance to acquire a profitable, established business with significant growth potential. Don't miss this opportunity to own a piece of Spokane's thriving culinary scene.

    Property Features for 3024 Regal St

    General Information

    Property type
    Investment properties
    Square Feet
    3,564 SF
    Class
    A

    Building Details

    Year Built
    1995

    HighLights

    • Asking price: $340,000 for this Class A, 3,564 square foot drive‑thru restaurant business.
    • High profitability with a strong sales history; 2023 net profit of $119,187 (before add‑backs).
    • 35.29% cap rate and a $120,000 NOI.
    • Option to purchase as a franchise (1.5% franchise fee) or convert to a different concept.
    • Located at 3024 S Regal St, Spokane, WA 99223, built in 1995.
    • Attractive ground lease at $6,500 per month NNN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Señor Froggy & Italian ... Mexican Restaurant Catering By Becky Caterer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.3689644
    Latitude
    47.6265847

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    FAQs

    What type of property is this?
    Investment property - High-Profit Drive-Thru, Excellent ROI
    Where is this investment property located?
    The property is located at 3024 Regal St Spokane, WA.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: Asking price: $340,000 for this Class A, 3,564 square foot drive-thru restaurant business.; High profitability with a strong sales history; 2023 net profit of $119,187 (before add-backs).; 35.29% cap rate and a $120,000 NOI.
    (509) 622-3563
    Request Owner's contact information
    3024 Regal St Spokane, WA 99223
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    Spokane, WA 99223
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3024 Regal St Spokane, WA 99223
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