702 Us Highway 395 N , State Route 20

    Colville, WA 99114
    • $620,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: 20-54
    UPDATED: 71 min ago
    $620,000
    • 0
      BEDS
    • 0.73
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,980
      SQFT
    • $62
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Commercial
    Built:
    1975
    County:

    School Ratings & Info

    Description

    Single tenant, net leased investment (8%+ cap on actual income). New 7 year lease in place with long time, established tenant. This is a top performing Hometown Store focusing on appliance, tools, lawn & garden, and hardware sales, parts & service.Low maintenance concrete block building with new metal roof (as of 2012). Great onsite parking, easy access from three surface streets including Highway 395/State Route 20. Low rent/SF +net lease +low maintenance, quality building +low price/SF +limited competition +experienced tenant = low risk PLEASE DO NOT DISTURB TENANT, EMPLOYEES OR CUSTOMERS. NO SIGN ON PROPERTY.A little more information about the tenant... Sears Hometown are independently owned stores selling Sears brands as well as other national brands of appliances, tools, hardware, and lawn and garden. Hometown was spun off from Sears Holdings in 2012 and is operated independently from Sears, Sears Outlet, Sears Appliance and Sears Hardware Stores. Hometown is a chain of smaller stores where the proprietor owns or leases the location while Sears Hometown handles marketing and owns the inventory. Hometown is not a typical franchise in that there are no franchise or licensing fees and Hometown owns the inventory. Hometown stores are usually located in smaller, rural markets; especially the most successful and profitable stores. Hometown Store owners primarily concentrate on hardware, appliances and lawn-and-garden supplies. Most carry Sears branded products, such as Kenmore, Craftsman, and DieHard but also carry a wide assortment of other national brands. The typical store averages 8,500 square feet. By 2013, nearly 80% of Hometown stores were independently owned and operated and as of mid-2019, there are nearly 400 Hometown Stores are in operation. Hometown Colville is one of the most successful locations in the chain. Location with limited competition, especially for appliances, coupled with experience business owners who also offer in home service and repair have continued to support strong sales from this location. Current owners have been operating this location for more than 10 years and recently signed a new 7 year lease.

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    © 2020 Coeur d'Alene MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from Coeur d'Alene MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kerry Green Real Estate | Keller Williams Realty Coeur d Alene.Data last updated: 2020-04-01T13:03:37.86.
    www.kerrygreenrealestate.com/homes/101992257

    702 Us Highway 395 N , State Route 20 Colville, WA 99114

    • Price: $620,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: 20-54
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.73
    Acres
    9,980
    SQFT
    $62
    $/SQFT
    1975
    Built
    Neighborhood:
    N/A
    County:
    Stevens
    Area:
    Washington Counties
    Property Description
    Single tenant, net leased investment (8%+ cap on actual income). New 7 year lease in place with long time, established tenant. This is a top performing Hometown Store focusing on appliance, tools, lawn & garden, and hardware sales, parts & service.Low maintenance concrete block building with new metal roof (as of 2012). Great onsite parking, easy access from three surface streets including Highway 395/State Route 20. Low rent/SF +net lease +low maintenance, quality building +low price/SF +limited competition +experienced tenant = low risk PLEASE DO NOT DISTURB TENANT, EMPLOYEES OR CUSTOMERS. NO SIGN ON PROPERTY.A little more information about the tenant... Sears Hometown are independently owned stores selling Sears brands as well as other national brands of appliances, tools, hardware, and lawn and garden. Hometown was spun off from Sears Holdings in 2012 and is operated independently from Sears, Sears Outlet, Sears Appliance and Sears Hardware Stores. Hometown is a chain of smaller stores where the proprietor owns or leases the location while Sears Hometown handles marketing and owns the inventory. Hometown is not a typical franchise in that there are no franchise or licensing fees and Hometown owns the inventory. Hometown stores are usually located in smaller, rural markets; especially the most successful and profitable stores. Hometown Store owners primarily concentrate on hardware, appliances and lawn-and-garden supplies. Most carry Sears branded products, such as Kenmore, Craftsman, and DieHard but also carry a wide assortment of other national brands. The typical store averages 8,500 square feet. By 2013, nearly 80% of Hometown stores were independently owned and operated and as of mid-2019, there are nearly 400 Hometown Stores are in operation. Hometown Colville is one of the most successful locations in the chain. Location with limited competition, especially for appliances, coupled with experience business owners who also offer in home service and repair have continued to support strong sales from this location. Current owners have been operating this location for more than 10 years and recently signed a new 7 year lease.
    Exterior Features

    Aircraft Flight Zone Unknown Architectural Style Contemporary Construction Block Exterior Cement Block Exterior Features CurbsExterior LightingPaved ParkingSidewalks Lot Features Corner LotIrregularLevelOpen Lot Size 31755 Lot Type Retail Road PavedPublic Maintained Road Roof MetalPitched Style Retail View None

    Interior Features

    Basement No Basement Description None Foundation ConcreteSlab Fuel ElectricGas Heat Forced Air Interior Features Central AirExtra StoragePhone PrewiredSecurity System Sq Ft Level1 9980.00

    Property Features

    Business Type Comm'l Bldg W/Land Business Type1 Retail Equipment Included None Fire Protection District Yes Flood Zone Unknown Inventory Included No Inventory List Available No New Construction No REO No Sewer City Sewer Short Sale No Sq Ft Source Assessor Subject To CCRs No Subject To HOA No Tax Year 2019 Taxes 2795.98 Taxes Reflect No ExemptionsNo Exemptions Terms CashConventional Water City Zoning Commercial

    Listing provided courtesy of Kiemle & Hagood Company.

    © 2020 Coeur d'Alene MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from Coeur d'Alene MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kerry Green Real Estate | Keller Williams Realty Coeur d Alene.Data last updated: 2020-04-01T13:03:37.86.
     
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