14820 Sprague AveSpokane Valley, WA 99216

This exceptional investment opportunity presents a 37,417-square-foot manufacturing facility situated on a 3.95-acre lot at 14820 E Sprague Ave, Spokane Valley, WA 99216. The property, built in 1969 and renovated in 1988 and 2002, is currently 100% occupied under a single-tenant, absolute triple-net (NNN) lease with Monaco Enterprises. The lease commenced January 16, 2020, and has a remaining term of approximately 15.2 years, expiring January 31, 2040. The annual net operating income (NOI) is $344,262, representing a 6.50% cap rate based on the asking price of $5,296,338 ($141.55 per square foot). The lease features a corporate guarantee and includes a 2% annual rent increase throughout the base term and a 10-year renewal option. This is a long-term, stable investment with a strong tenant and significant upside potential. The property's location in Spokane Valley provides excellent access to transportation and infrastructure. This is a rare opportunity to acquire a high-quality, mission-critical manufacturing facility with a long-term, secure lease. The property offers a compelling combination of strong cash flow, long-term stability, and significant appreciation potential.