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Auto Parts

Wilde Automotive

103 Lincoln Rd, Spokane, WA 99208

Listing Price: $1,478,571

Cap Rate
6.50%
Tenant Name
Wilde Automotive Repair
Years Remaining On Lease
9.9
Gross SF
5,014
Guarantor
Personal Guarantee
Rentable SF
5,014
Price/Gross SF
$294.89
Lease Type
Triple Net (NNN)

Investment Overview

This offering presents the opportunity to acquire a long-term, triple-net leased auto service property secured by Wilde Automotive Repair, featuring 18 years of firm lease term remaining with 15% rental increases every five years. The tenant operates from a recently renovated 5,014 SF facility (2025 capital improvements including new roof, drains, and drywells), minimizing near-term capital expenditure risk. Positioned just off the signalized corner of E Lincoln Rd and N Division St—one of Spokane’s primary retail corridors with over 43,552 vehicles per day—the asset benefits from exceptional visibility within a dominant national retail trade area shadow anchored by major big-box and lifestyle tenants. Supported by strong surrounding demographics, dense residential rooftops, and long-term lease structure, this property offers investors durable cash flow, attractive built-in income growth, and stable intrinsic real estate value in an established infill market.

Investment Highlights

  • Spokane continues to outpace national average growth, with the Spokane-Coeur d'Alene metro area expanding approximately 10% since 2020.
  • Spokane remains an attractive destination due to lower housing costs and lower overall cost of living compared to West Coast cities like Seattle, Portland, San Francisco, and Los Angeles.
  • The Spokane metro has seen continued employment expansion across key sectors including healthcare, education, manufacturing, logistics, and professional services.

Exclusively Listed By

  • Dustin Alvino

    Senior Managing Director Investments

    (702) 215-7120

    Email Dustin

    License(s): NV: BS.0143692, NJ: 2294556

    Las Vegas

Broker of Record

  • Joel Deis

    Senior Managing Director, Market Leader- Washington

    (206) 826-5700

    License(s) WA: 25469

    Washington

Auto Parts

Wilde Automotive

Listing Price: $1,478,571

Cap Rate
6.50%
Tenant Name
Wilde Automotive Repair
Years Remaining On Lease
9.9
Gross SF
5,014
Guarantor
Personal Guarantee
Rentable SF
5,014
Price/Gross SF
$294.89
Lease Type
Triple Net (NNN)

Investment Highlights

  • Spokane continues to outpace national average growth, with the Spokane-Coeur d'Alene metro area expanding approximately 10% since 2020.
  • Spokane remains an attractive destination due to lower housing costs and lower overall cost of living compared to West Coast cities like Seattle, Portland, San Francisco, and Los Angeles.
  • The Spokane metro has seen continued employment expansion across key sectors including healthcare, education, manufacturing, logistics, and professional services.

Investment Overview

This offering presents the opportunity to acquire a long-term, triple-net leased auto service property secured by Wilde Automotive Repair, featuring 18 years of firm lease term remaining with 15% rental increases every five years. The tenant operates from a recently renovated 5,014 SF facility (2025 capital improvements including new roof, drains, and drywells), minimizing near-term capital expenditure risk. Positioned just off the signalized corner of E Lincoln Rd and N Division St—one of Spokane’s primary retail corridors with over 43,552 vehicles per day—the asset benefits from exceptional visibility within a dominant national retail trade area shadow anchored by major big-box and lifestyle tenants. Supported by strong surrounding demographics, dense residential rooftops, and long-term lease structure, this property offers investors durable cash flow, attractive built-in income growth, and stable intrinsic real estate value in an established infill market.

Exclusively Listed By

  • Dustin Alvino

    Senior Managing Director Investments

    (702) 215-7120

    Email Dustin

    License(s): NV: BS.0143692, NJ: 2294556

    Las Vegas

Broker of Record

  • Joel Deis

    Senior Managing Director, Market Leader- Washington

    (206) 826-5700

    License(s): WA: 25469

    Washington

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