Wilde Automotive Repair
- $1,600,000
Property Highlights
- Long-Term 18-Year Triple Net Lease: The property is secured by an 18-year triple net (NNN) lease, providing stable, long-duration income with zero landlord responsibilities. The auto repair use is a necessity-based service category that remains resilient through economic cycles.
- Attractive Rental Growth: The lease includes strong 15% rental escalations every five years, offering meaningful income growth and inflation protection. With two additional five-year options, the structure provides long-term durability and upside.
- Recently Renovated Asset: Originally built in 1986, the property was recently renovated in 2025, including a new roof, upgraded drains, and new drywells. These improvements reduce near-term capital expenditure risk and enhance long-term operational reliability.
- Shadow Anchored by Major National Retailers: The property is positioned within a dominant retail node shadow anchored by a major supercenter and surrounded by national brands including At Home, Texas Roadhouse, Walgreens, Hobby Lobby, Grocery Outlet, Michaels, Big 5, and more—driving consistent consumer traffic to the area.
- Dense Residential Trade Area with Strong Demographics: The surrounding 1-mile radius includes 8,219 homes and an average household income of $86,041, while the 3-mile daytime population exceeds 89,235. The combination of residential density and retail concentration supports sustained demand for automotive services.
- Strategic Infill Location in Established Market: Situated on a 0.39-acre parcel in a built-out retail corridor, the asset benefits from infill positioning with limited new competing development, reinforcing long-term intrinsic real estate value.
Property Documents
OM - 103 E Lincoln Rd - Wilde Automotive
Details
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Price $1,600,000
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Year Built 1986/2025
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Property Type Single Tenant
Additional Details
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Cap Rate 6.50%
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Price/SF $319.11
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APN 36203.0116
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Rentable Area 5,014 SF
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Lot Size 0.39 AC
Address
Open on Google Maps-
Address: 103 E Lincoln Rd
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City: Spokane
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State/county: Washington
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Zip/Postal Code: 99208
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