Former Sears at the Spokane Valley Mall
HIGH-TRAFFIC ANCHOR BOX WITH REPOSITIONING UPSIDE
Marketing description
TWO DOMINANT SPOKANE ANCHOR BOXES
10M+ ANNUAL VISITS | BELOW REPLACEMENT COST
Rare opportunity to acquire two high-traffic former Sears boxes at NorthTown Mall and Spokane Valley Mall, offered together or individually with significant repositioning upside.
Investment highlights
Spokane Valley Mall – Former Sears | 14720 E Indiana Ave, Spokane Valley, WA
±134,982 SF total improvements on 8.93 acres, offered at best offer. Includes a two-story main building (±124,014 SF) plus a ±10,968 SF free-standing former Sears Auto Center — providing optional future break-up value. 620 parking stalls. Zoning Regional Commercial (RC).
Spokane Valley Mall is the dominant regional mall within a 100+ mile radius — 700,000+ SF, 80+ retailers, 6.4–6.5M annual visits from 1.2M unique shoppers, 70-minute average dwell time. Frontage on E Indiana Ave at 93,000+ VPD with direct I-90 connectivity. Top-performing co-tenancy includes Macy's (top 12% statewide) and T.J. Maxx (top 18% statewide). Five-mile trade area: 132,000 residents, $103K avg. household income.
Acquisition basis is below replacement cost in a fast-growing corridor with 3,600+ housing units permitted in 2024 and 47% YoY increase in construction permit activity.
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