14004 Indiana Ave Spokane, WA 99216
- Retail properties
- 5,924 SF
Current Use by Public Records
- Boston's Restaurant & Sports Bar / Restaurant / Caterer
Property Details for 14004 Indiana Ave
- Year built
- 2000
- Property size
- 5,924 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional sale-leaseback opportunity presents a thriving Boston's Restaurant and Sports Bar in Spokane Valley, WA. Located at 14004 E Indiana Ave, this 5,924 square foot establishment boasts a prime location just off I-90, at the corner of Evergreen Rd and E Indiana Ave, within the Spokane Valley Mall—the largest regional mall between Seattle and Minneapolis. Built in 2000 and zoned for regional commercial use, the property includes the building, all site improvements, and fixtures, furniture, and equipment (FF&E). The restaurant features a full bar and seating for 210 patrons, plus an outdoor patio accommodating approximately 40 additional guests. The current tenant, a franchisee, holds a triple net (NNN) lease with a remaining term of 10 years (until 9/10/2031), with three five-year renewal options. The monthly rent is $8,236.50. The property enjoys high visibility with significant traffic counts: 28,500 ADT on Evergreen Rd & E Indiana Ave, and 94,000 ADT on I-90. This sale-leaseback offers a strong 8.00% cap rate and 100% occupancy, making it an attractive investment opportunity. The asking price is $1,500,000 ($253.21 per square foot). The pad site is leased from Brookfield Properties Retail (pad size and location details require verification).
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.212
- Latitude
- 47.6756
