3024 Regal St Spokane, WA 99223
- Retail properties
- 3,564 SF
- 0.16 lot acres
Current Use by Public Records
- Señor Froggy & Italian Express / Mexican Restaurant / Fast Food Restaurant
- Catering By Becky / Caterer
Property Details for 3024 Regal St
- Year built
- 1995
- Construction
- STEEL FRAME
- Lot size
- 0.16 lot acres
- Property size
- 3,564 SF
- Property type
- Retail properties
- APN
- 35331.0210
- APU
- 353310210
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.369
- Latitude
- 47.6265
- CBSA code
- 44060
- CBSA name
- SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
