259 W Spokane Falls Blvd

• NNN Lease Structure – While being a retail condominium, this asset acts as a NNN investment property.
• Protection from Financial Obligations to the Association – The Landlord structured the condominium with the intent of it acting as an NNN lease and there are no Association fees or other common condominium related expenses impacting current tenant or Owner.
• Corporate Lease – The lease features a corporate lease from FedEx Office and Print, Inc,, ensuring strong, reliable income backed by an investment grade credit tenant. Wholly owned by FedEx Corporation (NYSE: FDX), one of the world’s largest transportation and logistics companies with approximately $87.9 billion in annual revenue.
• Demonstrated Commitment to Location – FedEx has been at the location since November of 1999, demonstrating a strong commitment to this location for decades.
• Irreplaceable Downtown Spokane Location – Located at the corner of W Spokane Falls Blvd and N Bernard Street, FedEx occupies a premier location at the heart of Downtown Spokane.
• Spokane Convention Center, First Interstate Center for the Arts, Riverfront Park, and the Davenport Grand Hotel surround this store, providing a strong pull for consumers to the area.
• This FedEx Office is embedded in Spokane’s highest-density concentration of office workers, convention attendees, hotel guests, and event goers, which is the exact customer base that keeps a FedEx Office busy and well trafficked long-term.
• Demand Drivers/Market Growth – Spokane is positioned for continued growth in the years to come. The city and downtown Spokane partnership have been actively investing in infrastructure – Riverfront Park is soon receiving nearly $65 million in funding for revitalization efforts.
• New resident housing – Nearly 1,500 new housing units in the downtown core will be added within the next 18-24 months.
• The University District – Home to Gonzaga, WSU Spokane, and EWU’s Spokane Campus, the University District is cited as one of the fastest-growing urban areas in the Inland Northwest.