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O'Reilly Anchored Retail 3121-3125 E Francis Ave
12,780 SF 11% Leased Retail Building Spokane, WA 99208 £3,476,044 (£272/SF) 4.30% Net Initial Yield
Investment Highlights
- Strategically located at the signalized intersection of Francis Avenue and Market Street, which have a combined average daily traffic count of 43,000.
- 12,780-square foot shopping strip anchored by O'Reilly Auto Parts on a 1.06-acre lot.
Executive Summary
• Cash flowing asset with leasing and development upside
• Strategic location near signalized intersection of main arterials
• High traffic counts | 24,400 ADT on Francis Ave; 18,600 ADT on Market St
• Pylon signage with excellent visibility in both directions
• Densely populated area | 1-mile total population of 8,473 | 3-mile total population of 75,791 | 5-mile total population of 194,311
Property Facts
Amenities
- Corner Lot
- Pylon Sign
- Signalised Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Marcus & Millichap has been selected to exclusively market 3125 E Francis Ave & 6317 N Market St in Spokane, WA. The property is strategically located at the signalized intersection of Francis Avenue and Market Street, which have a combined average daily traffic count of 43,000. The property consists of a 12,780-square foot shopping strip anchored by O'Reilly Auto Parts on a 1.06-acre lot. Behind the shopping strip, there is an additional 0.94-acre vacant lot. Both lots are contiguous and total approximately 2 acres. There are approximately 5,700 square feet available for lease in the shopping strip. The vacant land is currently available for lease or build-to-suit. Additionally, the entire property is available for sale if both lots are purchased together. All property showings are by appointment only. Contact listing agent for more details.
Marcus & Millichap has been selected to exclusively market 3125 E Francis Ave & 6317 N Market St in Spokane, WA. The property is strategically located at the signalized intersection of Francis Avenue and Market Street, which have a combined average daily traffic count of 43,000. The property consists of a 12,780-square foot shopping strip anchored by O'Reilly Auto Parts on a 1.06-acre lot. Behind the shopping strip, there is an additional 0.94-acre vacant lot. Both lots are contiguous and total approximately 2 acres. There are approximately 5,700 square feet available for lease in the shopping strip. The vacant land is currently available for lease or build-to-suit. Additionally, the entire property is available for sale if both lots are purchased together. All property showings are by appointment only. Contact listing agent for more details.
| Space | Size | Space Use | Position | Available |
| 3121 | 4,300 SF | Retail | End Cap | Now |
| 3123 | 1,400 SF | Retail | In-Line | Now |
3121
| Size |
| 4,300 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
3123
| Size |
| 1,400 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
3121
| Size | 4,300 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Marcus & Millichap has been selected to exclusively market 3125 E Francis Ave & 6317 N Market St in Spokane, WA. The property is strategically located at the signalized intersection of Francis Avenue and Market Street, which have a combined average daily traffic count of 43,000. The property consists of a 12,780-square foot shopping strip anchored by O'Reilly Auto Parts on a 1.06-acre lot. Behind the shopping strip, there is an additional 0.94-acre vacant lot. Both lots are contiguous and total approximately 2 acres. There are approximately 5,700 square feet available for lease in the shopping strip. The vacant land is currently available for lease or build-to-suit. Additionally, the entire property is available for sale if both lots are purchased together. All property showings are by appointment only. Contact listing agent for more details.
3123
| Size | 1,400 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Marcus & Millichap has been selected to exclusively market 3125 E Francis Ave & 6317 N Market St in Spokane, WA. The property is strategically located at the signalized intersection of Francis Avenue and Market Street, which have a combined average daily traffic count of 43,000. The property consists of a 12,780-square foot shopping strip anchored by O'Reilly Auto Parts on a 1.06-acre lot. Behind the shopping strip, there is an additional 0.94-acre vacant lot. Both lots are contiguous and total approximately 2 acres. There are approximately 5,700 square feet available for lease in the shopping strip. The vacant land is currently available for lease or build-to-suit. Additionally, the entire property is available for sale if both lots are purchased together. All property showings are by appointment only. Contact listing agent for more details.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,340,568 | |
| Land Assessment | £355,133 | Total Assessment | £1,695,701 |
PROPERTY TAXES
-
Maxwell McDonald -
Marcus & Millichap
Presented by
O'Reilly Anchored Retail | 3121-3125 E Francis Ave
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