Absolute NNN Investment Liberty Lake

For Sale

2224 N Swing Ln, Liberty Lake, WA 99019

This Liberty Lake property for sale is located at 2224 N Swing Ln. The general use of Absolute NNN Investment Liberty Lake is office and it incorporates 6,324 square feet of class A office space. The current listed sale price for Absolute NNN Investment Liberty Lake is $2,067,000. Absolute NNN Investment Liberty Lake is situated on a lot that is 0.48 acre in size.

Contacts

broker

Omar Sadaoui, CCIM

SVN | Cornerstone

Property Details

  • Property Type Office - General Office
  • Property Size 6,324 SF
  • Lot Size 0.48 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 9
  • Parking Ratio 1.40 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2008
  • Date Updated Aug 10, 2024
The City of Liberty Lake is both a suburb of Spokane, Washington and a bedroom community to Coeur d’Alene, Idaho located at the eastern border of Washington, just over one mile from the Idaho border and within 20 minutes of downtown Spokane and Coeur d’Alene, ID. The city of about 13,000 residents is a thriving and welcoming community known for its small town feel, food and drink scene, schools, businesses, and recreation activities. There is an abundance of parks, trails, summer events, and Farmers Market. Liberty Lake’s economy is diverse, with a mix of industries including technology, healthcare, and manufacturing. Several tech companies have offices in the area, contributing to its reputation as a hub for innovation.This fee simple investment property consists of 6,324 square feet of free-standing building situated on 0.48 acres in Liberty Lake, WA. Absolute NNN leased investment with zero landlord obligations and CPI or 3% annual escalations. The current tenant is Meadow Wood Children's Center, providing care for children one month to twelve years of age and has been in business since 1995, and the property was developed as a build to suit for this tenant in 2008. Following the expiration of a 10 year lease term in 2023, the tenant extended the lease for an additional five years through 2028, demonstrating a long term commitment to the property and location.

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Highlights

  • - Stable income from long-standing tenant
  • - Absolute NNN lease structure for no landlord responsibilities
  • - Annual rent increases tied to CPI or minimum of 3%
  • - Current lease term through 12/31/2028
  • - This property is an attractive investment for those seeking a stable, low-maintenance income-generating asset with a reliable tenant and guaranteed rent escalations

Attachments

Getting around

  • 30/100

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  • 57/100

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Location

  • City Liberty Lake, WA
  • Neighborhood Big Trout Lodge
  • Zip Code 99019
  • Market Spokane

Points of Interest

  • Cenex

    0.94 miles

  • Chevron

    1.10 miles

  • Cenex

    1.13 miles

  • Exxon

    3.26 miles

  • Mobil

    3.30 miles

  • Exxon

    3.32 miles

  • Pacific Pride

    3.34 miles

  • Valley Grocery and Gas

    4.21 miles

  • Maverik

    5.07 miles

  • Conoco

    5.08 miles

  • Saltese Flats Trailhead

    3.99 miles

  • Trentwood Trailhead

    4.11 miles

  • Canfield Gulch Trailhead

    4.32 miles

  • Brevier Road Trailhead

    5.82 miles

  • Mica Peak Trailhead

    7.54 miles

  • Phillips Creek Trailhead

    9.55 miles

  • Quality Inn & Suites Liberty Lake

    0.46 miles

  • Best Western Plus Peppertree Liberty Lake Inn

    1.15 miles

  • Hampton Inn & Suites Spokane Valley

    4.51 miles

  • Residence Inn

    4.82 miles

  • Mirabeau Park Hotel & Convention Center

    5.03 miles

  • Ramada

    5.15 miles

  • Oxford Suites Spokane Valley

    5.28 miles

  • Tru by Hilton

    6.26 miles

  • HomeTowne Studios

    6.90 miles

  • Comfort Inn & Suites

    6.94 miles

  • Safeway

    0.95 miles

  • Yokes

    1.12 miles

  • K H Grocery Market

    2.18 miles

  • GreenAcres Vendor Mall

    4.46 miles

  • Kohl's

    4.59 miles

  • Walmart Supercenter

    4.88 miles

  • Ross

    5.02 miles

  • Burlington

    5.08 miles

  • Macy's

    5.47 miles

  • JCPenney

    5.50 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Omar Sadaoui, CCIM

SVN | Cornerstone