Broker of Record - MIKE OLSEN - Rainier Commercial - License No. WA-2468 Faris Lee Investments is pleased to offer for sale a 3-tenant, corporate guaranteed, NNN leased property commonly referenced as Spokane Center in Spokane, Washington, with 100% of the income stream coming from strong national credit tenants. All three tenants signed brand-new long-term leases in 2023, plus multiple options to extend the term. Additionally, each lease includes rental increases throughout the term which aids hedging against inflation while increasing the return on investment. All the leases are NNN, making the tenants responsible for all expenses associated with the property, and providing the landlord with minimal responsibilities. For a future value-add opportunity, an owner would potentially be able to build a new 7,500 SF building currently entitled with a signed lease for 5,000 sf @ $28 psf/yr and/or rent out an existing and demised space of 13,310 SF HomeGoods, Planet Fitness, and Ross Dress for Less all feature corporate-backed leases. Each tenant features high-grade credit ratings as they are each established brands in their respective industries – HomeGoods has over 900 stores, Ross has over 1,700 stores, and Planet Fitness has over 2,000 locations. The subject property is strategically located in Spokane, Washington, the second-largest city in Washington, with a population of over 200,000. Target is adjacent to the property with Dick’s Sporting Goods, T.J. Maxx, Safeway, Staples, Best Buy, and PetsMart as part of the same center. This center is within close proximity to three well-regarded universities: Gonzaga University, Eastern Washington University, and Whitworth University. N. Newport Hwy provides over 31,000 vehicles per day and more than 163,000 people live within a five-mile radius.