5605 E Sprague Ave
Spokane Valley WA 99212
Central Sprague Retail Center
5605 E Sprague Ave Spokane Valley WA 99212
Listing #: 706549 | Status: Available | Last Modified: 4/9/2026 |
For Sale
- Phone:(509) 755-7514
- Email:erik.nelson@kiemlehagood.com
- Office Name:Kiemle Hagood
- Office Phone:(509) 783-7663
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 8,150,000.0
- $/SF$ 217.4
- Listing StatusAvailable
- Days on Market118
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 7.13 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- AnchorDollar Tree, Boot Barn, Skagit Farm Supply
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF37480
- Net Rentable Area37480
- Total Office SF
- Largest Contiguous SF
- Lot SF183823
- Acres4.22
- Property TypeRetail
- Office Type
- InvestmentYes
- Building Class
- CountySpokane
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaSpokane Valley
- Tax ID #35144.9099
- Additional Parcels
- ZoningRC
- # Covered Spaces0
- # Uncovered Spaces85
- Total Parking Spots85
- Parking Ratio
- Year Built1999
- Year Renovated2016
- Completion Date
- Roof Type
- Construction TypeConcrete
Costco Outparcel Retail Investment
Exceptional fully leased investment opportunity positioned as an outparcel to Costco, offering strong visibility and traffic counts along Sprague Avenue. The property is anchored by a complementary mix of national and regional tenants, including Dollar Tree, Boot Barn, and Aslin Finch, providing stable income and long-term appeal. The site also offers future upside with the potential to develop an additional pad fronting Sprague Avenue, enhancing value through expansion or redevelopment. Strategically located within a high-demand retail corridor, this asset presents an attractive opportunity for investors seeking reliable cash flow with built-in growth potential.
Pad(s), Regional Center, Street Retail, Strip Mall, Big Box


