3024 Regal StSpokane, WA 99223

Property Details for 3024 Regal St

Year built

1995

Construction

STEEL FRAME

Lot size

0.16 AC

Property size (Sq ft)

3,564 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

35331.0210

APU

353310210

Description

This exceptional drive-thru restaurant in Spokane, WA, presents a lucrative investment opportunity. Boasting 3,564 square feet, this Class A property, built in 1995, offers a compelling 35.29% cap rate and a substantial net operating income (NOI) of $120,000. The asking price is $340,000, translating to $95.40 per square foot. The business itself shows a strong track record, with a 2023 net profit of $119,187 before add-backs, indicating high-volume gross sales and a history of success. The property sits on an attractive ground lease with a monthly cost of $6,500 NNN. This established business offers flexibility: continue operating under the existing franchise agreement (with a 1.5% franchise fee) or transition to your own unique drive-thru concept. Located at 3024 S Regal St, Spokane, WA 99223, this property is ideally situated within Spokane County. Detailed financial information is available upon request. This is a rare chance to acquire a profitable, established business with significant growth potential. Don't miss this opportunity to own a piece of Spokane's thriving culinary scene.

• CAP approach

  CAP return

  Valuation

  6%

  $1,579,663

  6.5%

  $1,458,150

  7%

  $1,353,997

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,914,899

  Geo Method

  $1,914,899

• Alternative Use

  Use

  Valuation

  Residential

  $1,230,004

  Hospitality

  $1,126,677

  Educational

  $937,382

  Medical

  $969,620

  Retail

  $1,458,150

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.6265

Longitude

-117.369

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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