514 South Washington Street, Spokane, WA 99204 For Sale

This single-tenant medical investment is leased to Hanger Clinic, the nation's largest consumer-facing orthotic and prosthetic (O&P) provider. Backed by nearly 160 years of operating history, Hanger Clinic treats more than one million patients annually through its nationwide network, making it a well-established and recognized healthcare tenant. The property is located in Spokane's highly desirable South Hill submarket, an area that consistently maintains some of the lowest commercial vacancy rates in the region, supporting long-term tenant demand and investment stability. Situated less than one mile from Providence Sacred Heart Medical Center and MultiCare Deaconess Hospital, the property benefits from its proximity to the region's two largest hospitals and the surrounding concentration of healthcare providers. The site has its own parking lot, with 14 on-site parking stalls, and the lease includes 2.5% annual rent increases along with two additional three-year extension options, providing the potential for tenant occupancy through 2035. With a nationally recognized healthcare tenant, contractual rent growth, an irreplaceable medical corridor location, and strong underlying real estate fundamentals, the property offers a compelling long-term investment opportunity.