Map of Property

Investment Property - Fred's Appliance (20 Year + Regional Tenant)

For Sale

10619 E Sprague Ave, Spokane Valley, WA 99206

This Spokane Valley property for sale is located at 10619 E Sprague Ave. The current listed sale price for Investment Property - Fred's Appliance (20 Year + Regional Tenant) is $1,500,000. Investment Property - Fred's Appliance (20 Year + Regional Tenant) is situated on a lot that is 0.66 acre in size.

Contacts

broker
Guy Byrd

SVN | Cornerstone

Property Details

  • Property Type Retail - Freestanding
  • Property Size 7,888 SF
  • Units 1
  • Lot Size 0.66 Acre
  • Year Built 1960
  • Date Updated May 29, 2025
Hard corner of E Sprague Ave and N University RdFred’s Appliance, located at 10619 E Sprague Ave, Spokane Valley, WA, is a 7,888 SF retail building on a 28,847 SF lot, built in 1960. Fred's has just renewed their long term tenancy with a new 5-year NNN lease with $90,000/YR/NNN base rent and a high-traffic corner location.
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Highlights

  • Single Tenant Investment property - Fred's Appliance (20 Year + Regional Tenant)
  • Prime Location: Corner of East Sprague Ave (21,200 VPD) and N University Road (15,900 VPD)
  • Stable Income: New 5-year NNN Lease at $90,000/YR with one 5- year option to renew at $98,960/YR
  • Property Size: 7,888 SF retail building on 28,847 SF lot. (Built in 1960)
  • Stable Investment: Fred's Appliance has been in this location for over 20 years and just signed a new 5 year lease.
  • New HVAC System and Membrane Roof.
  • Pylon Signage, 28 parking stalls.

Getting around

  • 77/100

    Walk Score ®

  • 45/100

    Transit Score ®

  • 74/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Spokane Valley, WA
  • Neighborhood Mission Park
  • Zip Code 99206
  • Market Spokane

Points of Interest

  • nomnom

    0.08 miles

  • Conoco

    0.88 miles

  • Holiday

    1.03 miles

  • Indie Food Mart and Fuel

    1.05 miles

  • Exxon

    1.06 miles

  • Maverik

    1.66 miles

  • ChargePoint

    8.19 miles

  • Mirabeau South Trailhead

    2.46 miles

  • Mirabeau North Trailhead

    2.56 miles

  • Phillips Creek Trailhead

    2.70 miles

  • Iller Creek Trailhead

    3.97 miles

  • Lot P4

    4.42 miles

  • P25

    4.47 miles

  • Lot P3

    4.49 miles

  • Lot P5

    4.54 miles

  • Lot P28

    4.56 miles

  • Lot P2

    4.57 miles

  • Three Sisters

    0.04 miles

  • Taco Bell

    0.05 miles

  • Choo Chooo Tortas

    0.06 miles

  • Señor Froggy

    0.06 miles

  • Shogun

    0.08 miles

  • McDonald's

    0.11 miles

  • Burger King

    0.14 miles

  • Arby's

    0.15 miles

  • Crimson Hearth

    0.23 miles

  • SmokeRidge BBQ

    0.27 miles

  • Rosauers

    0.14 miles

  • WinCo Foods

    0.55 miles

  • Grocery Outlet

    0.94 miles

  • Yoke's

    1.48 miles

  • Lieng & Pheng Oriental Market

    1.60 miles

  • Yoke's Fresh Market

    1.76 miles

  • Target

    1.93 miles

  • Safeway

    1.99 miles

  • Big Lots

    2.18 miles

  • TJ Maxx

    2.60 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Guy Byrd

SVN | Cornerstone

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