14004 Indiana AveSpokane, WA 99216

For Sale
$1,500,000

Spokane Valley Restaurant, FF&E Included

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional sale-leaseback opportunity presents a thriving Boston's Restaurant and Sports Bar in Spokane Valley, WA. Located at 14004 E Indiana Ave, this 5,924 square foot establishment boasts a prime location just off I-90, at the corner of Evergreen Rd and E Indiana Ave, within the Spokane Valley Mall—the largest regional mall between Seattle and Minneapolis. Built in 2000 and zoned for regional commercial use, the property includes the building, all site improvements, and fixtures, furniture, and equipment (FF&E). The restaurant features a full bar and seating for 210 patrons, plus an outdoor patio accommodating approximately 40 additional guests. The current tenant, a franchisee, holds a triple net (NNN) lease with a remaining term of 10 years (until 9/10/2031), with three five-year renewal options. The monthly rent is $8,236.50. The property enjoys high visibility with significant traffic counts: 28,500 ADT on Evergreen Rd & E Indiana Ave, and 94,000 ADT on I-90. This sale-leaseback offers a strong 8.00% cap rate and 100% occupancy, making it an attractive investment opportunity. The asking price is $1,500,000 ($253.21 per square foot). The pad site is leased from Brookfield Properties Retail (pad size and location details require verification).

Highlights

  • Seller owns building, site improvements, and FF&E.
  • Pad site leased from Brookfield Properties Retail (lease terms to be verified).
  • Current lease expires 9/10/2031, with three 5-year renewal options.
  • Current rent: $8,236.50/month NNN (through 9/30/2031), tenant-paid.
  • Fully equipped restaurant with bar and 210 seats.
  • Outdoor patio with approximately 40 seats.

Property Details for 14004 Indiana Ave

Property type
Other retail properties, Restaurants
Square Feet
5,924 SF
Year Built
2000

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.67557604
Longitude
-117.21245917
14004 Indiana Ave, Spokane, Washington

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14004 Indiana Ave
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