213 University RdSpokane Valley, WA 99206

This established Spokane Valley restaurant, located at 213 S University Rd, offers a compelling investment opportunity. The 2,700 square foot Class A property boasts a strong 11.63% cap rate and a pro-forma cap rate of 21.26%, indicating significant growth potential. Currently operating at 100% occupancy with a gross lease in place until December 31, 2024, a new long-term lease will be signed upon sale. The business generates $800,000 in annual sales, operating six days a week from 6 AM to 4 PM. All furniture, fixtures, and equipment (FF&E) are included, along with a rational ventless hood/oven and a brand-new walk-in cooler. The property features a convenient drive-thru and dine-in option, along with 30 parking spaces. Seller financing is available. The property is situated in a high-traffic location at the corner of University and Appleway, offering excellent visibility and accessibility. The current Net Operating Income (NOI) is $52,341, with a pro-forma NOI of $95,684. This turnkey operation presents a rare chance to acquire a profitable, established restaurant with room for expansion. The asking price is $450,000, with a price per square foot of $166.67. The property includes one lease option and is not a ground lease. The APN is 45212.0523.