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32778550
32778551

2282 North Ash Street, Spokane, WA 99205 For Sale

RI
WA WA 25658, OR OR 200402198
SVN Imbrie Realty
Listed by SVN Imbrie Realty
$8,300,000
60 days on market
Updated 4 days ago

Goodwill / Planet Fitness

Details
APN 25124.4915
Property Type Retail
Square Footage 43,324
Units 2
Cap Rate 6.66%
NOI $552,393
Occupancy 100%
Tenancy Multi
Brand/Tenant Goodwill, Planet Fitness
Lease Type NNN
Year Built 1980
Year Renovated 2016
Stories 1
Lot Size (SqFt) 119,571
Tenant Credit Corporate Guarantee
Ground Lease No

Retail | 6.66% CAP | 43,324 SqFt

Marketing description

Welcome to an investment opportunity that captures the essence of growth, stability, and community engagement. Nestled in the heart of North Spokane, this two-tenant retail center presents a compelling proposition for astute investors seeking a strategic foothold in a thriving and promising location.

Situated at the crossroads of convenience and potential, this retail center enjoys unparalleled visibility and accessibility. Its strategic placement in North Spokane positions it as a pivotal destination for both residents and commuters, offering a gateway to urban amenities and a vibrant community. Boasting two powerhouse tenants, Planet Fitness and Goodwill, this retail center presents a harmonious blend of attractions. Planet Fitness, a leading fitness franchise, draws health-conscious individuals seeking an affordable and judgment-free workout experience. Goodwill, a nonprofit icon, attracts budget-savvy shoppers with its array of quality thrift goods. The synergy between these tenants creates a dynamic atmosphere that thrives on diverse foot traffic and fosters sustained patronage.

Investors will appreciate the inherent resilience of this property. Both Planet Fitness and Goodwill are well-positioned to weather the storms of economic uncertainty and digital disruption. Their services offer tangible experiences that online platforms cannot replicate, ensuring a continuous flow of customers seeking personal connections and meaningful interactions. Beyond its commercial appeal, this retail center seamlessly integrates into the fabric of the community. Goodwill’s mission-driven approach resonates with socially conscious consumers, enhancing its reputation as a community pillar. As residents visit for fitness or thrift finds, they become part of a larger narrative of growth and shared values. Investing in North Spokane means embracing a future of growth and potential. With urban development expanding, property values appreciating, and a diverse economic landscape, this location offers a canvas of opportunity waiting to be painted.

Investment highlights

  • High Visibility and Accessibility: The retail center’s strategic location provides high visibility from major thoroughfares and easy accessibility, attracting both local residents and passersby.
  • Strong Tenant Mix: The combination of Planet Fitness and Goodwill creates a dynamic tenant mix that caters to a diverse audience, increasing overall customer engagement and retention.
  • Established Brand Identity: Both Planet Fitness and Goodwill are nationally recognized brands, attracting loyal patrons who trust the quality and offerings of these tenants.
  • Stable Foot Traffic: The presence of Planet Fitness and Goodwill ensures consistent foot traffic throughout the day, benefiting all tenants within the retail center.
  • Ample Parking: The retail center offers ample parking spaces, making it convenient for visitors to access the property.
  • Resilience to E-commerce Disruption: Fitness and thrift retail uses continue to demonstrate strong in-person consumer demand that is less vulnerable to online competition.

Listing Contacts

RI
WA WA 25658, OR OR 200402198
SVN Imbrie Realty
Listed by SVN Imbrie Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$552,393.00
$46,032.75/mo

Valuation Metrics

0
DSCR
6.66%
Cap Rate
6.66%
ROI

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Additional Information

Name
Ryan Imbrie, CCIM
License
WA 25658
Brokerage Phone
503-208-9403
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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