Pre-Leasing New Retail Development · CBD Spokane’s central business core boasts recently...

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The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

svncornerstone.com/1

Available SF: 1,500 SF - 25,000 SF

Larger Users 6,000 SF to 80,000 SF

Lease Rate: $18.00 - $30.00 SF/YR/(NNN)

Lot Size: 8.73 Acres

Building Pads: Available

Year Built: 2015/2016

Zoning: NeighborhoodCommercial

Market: Spokane/South Hill

Sub Market: Regal Retail Corridor

Cross Streets: South Regal Street &East 53rd/55th Avenues

Commons on Regal - Retail Shopping Center

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Property Overview

Lease Overview

5415 South Regal Road • Spokane, WA 99223

Build to SuitRetail

New Retail Development 2015/2016

Pre-Leasing - Inline Space, Free Standing and Pads

Proposed Tenants - Grocer, Drug Store, Home Goods, Restaurants Banks and Coffee

Location Regal Retail Corridor Spokane's South Hill - Spokane's fastest developing retail corridor

On Regal between 40th Avenue to 57th Avenue represents the new commercial growth area for SouthSpokane. This corridor will grow from 380,000 SF of existing retail to over 550,000 SF of retail space withinthe next 1 to 5 years.

Regal at 55th Avenue carries just over 26,000 cars per day with expected increases

Lighted intersection at Regal Street and 53rd Avenue will be installed

[email protected] #17968ID #DB35767

GUY BYRD509.321.2002

[email protected] #118302

TAYLOR GIBBONS509.939.1741

Pre-Leasing | New Retail Development




Retail Property For Lease

Commons on Regal Retail Project Elevations

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Commons on Regal Retail Project Site Map




Commons on Regal Retail Property Description

Offering Description

Spokane's South Hill Retailers (Target and Trader Joe’s) serveareas of Spokane well beyond the South Hill including theCentral Business District, near North Side, near SpokaneValley, and West Spokane areas.

Build to suit retail opportunities are available to varioususers and increments. The total square footage of spaceto be built out in the Commons on Regal will be 70,000 -75,000 SF of retail space.

Property Description

The subject property provides 606’ of frontage on Regal Streetand 636’ of depth on both 55th and 53rd Avenues.

The site consists of 8.73 Acres of land or 380,278 SquareFeet of Neighborhood Commercial Zoned property.

New traffic light to be installed at the corner of 53rd Avenueand Regal Street.

Current traffic or cars per day at this site are just over 26,000cars per day and will increase as surrounding developmentcontinues to occur.

The Commons on Regal development has more Regal Streetretail frontage than the new Target Center (Regal Plaza) twoblocks away.

Market Overview

The Regal Retail corridor from 40th Avenue to 57th Avenuerepresents the new growth area for retailers in SouthSpokane. This particular corridor will grow from 380,000 SFof existing retail to over 550,000 SF of retail space withinthe next 1 to 5 years, becoming the central focus for retailon the Spokane South Hill market.

Within 3 Miles:

51,246 population

$71,597 Avg HH Income

$59,649 Med HH Income

25% higher than Spokane average

4svncornerstone.com/All Sperry Van Ness® Offices Independently Owned & Operated.


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Commons on Regal Retail South Gate Neighborhood Retail





Commons on Regal Retail Demographics Map




* Demographic information provided by BuildOut, LLC

5415 South Regal Road | Spokane, WA 99223 Radius Map

1 Mile 5 Miles 10 Miles

Total Population 3,870 103,121 371,258

Total Number of Households 1,781 43,660 158,554

Average Household Income $89,041 $74,871 $56,337

Median Age 44.2 40.2 36.8

Total Population

Total Number of Households

Total Number of Persons per Household

Average House Value

Average Household Income

Median Age

Median Age - Male

Median Age - Female

Total Population - White

Total Percent - White

Total Population - Black

Total Percent - Black

Total Population - Asian

Total Percent - Asian

Total Population - Hawaiian

Total Percent - Hawaiian

Total Population - Indian

Total Percent - Indian

Total Population - Other

Total Percent - Other

Total Population - Hispanic

Total Percent - Hispanic

12 833 4,8590.3% 0.8% 1.3%

35 784 4,2480.9% 0.8% 1.1%

5415 South Regal Road | Spokane, WA 99223 For Lease | Retail

* Demographic information provided by BuildOut, Inc.

1,781 43,660 158,554

2.2 2.4 2.3

$306,696 $248,752 $206,885

$89,041 $74,871 $56,337

44.2 40.2 36.839.8 38.2 35.5

47.0 41.7 38.0

119 3,161 8,7373.1% 3.1% 2.4%

48 2,597 7,7421.2% 2.5% 2.1%

0 39 1,8580.0% 0.0% 0.5%

3,548 92,015 328,94091.7% 89.2% 88.6%

3,870 103,121 371,258

192 4,137 17,5015.0% 4.0% 4.7%

1 Mile 5 Miles 10 Miles


Commons on Regal Retail Demographics Report




Spokane, WA

City Highlights


Commons on Regal Retail City Information




CBD Spokane’s central business core boasts recently

revitalized shopping, housing and entertainment, with

major projects recently completed and more underway. As

with most river cities, Spokane’s history revolves around

its river, which tumbles through downtown in a series of

rapids and falls known as Spokane Falls. Along the river is

Riverfront Park (site of the 1974 World’s Fair), the Inland

Northwest Bank Performing Arts Center, the newly

remodeled and expanded Convention Center, and the

River Park Square shopping mall. Nearby one finds the

Davenport Hotel, the growing Davenport Arts District,

numerous shops, pubs and restaurants, and much new

urban housing on the way, displacing many of the

low-income residents and businesses that dominated

downtown during the 1980s and ‘90s.

City of Spokane

The City of Spokane is located on the east side of Washington state, 18 miles

west of the Idaho state line and 110 miles south of the Canadian border. As the

largest city between Seattle and Minneapolis, Spokane serves as the hub of

the Inland Northwest, a region encompassing Eastern Washington, Northern

Idaho, Western Montana, Northeastern Oregon and parts of Alberta and British

Columbia, Canada. Spokane is the second largest city in the state, with over

two million people in a 36-county area. Southgate Neighborhood

The Moran Prairie (Southgate) neighborhood experiences growth in terms of

both population and retail services due to its location. Development continues

to extend beyond the city limits mandating the city annex the new growth

areas. Annexations expanding this neighborhood have occurred in 1991, 2001

and 2006.

South Hill

Just south of downtown, a cluster of neighborhoods known as the South Hill

beckons. You can leave Urbana behind in a short few minutes, where tall

evergreens dominate the skyline rather than brick and mortar edifices. A short

drive offers a view of stately homes and lush, green parks. The largest of

which, Manito Park, covers 90-acres of green space offering running trails,

playgrounds, picnic areas, event spaces, and sled hills. The park, designed by

the famous Olmstead brothers of Central Park fame, combines both the best of

man’s landscaping ideas with Mother Nature’s unspoiled beauty. Manito

contains six gardens including a Japanese Garden and Duncan Garden which

plants some 70,000 annuals each year; making for a colorful scene of

begonias, geraniums, marigolds, etc., that serve up those special backdrops for

senior pictures and weddings.

Manito Park is just one of the beautiful neighborhoods of the South Hill;

Lincoln Heights, Cannon’s Addition, South Perry, Comstock, Moran Prairie, and

Browne’s Addition. The leafy west end of South Hill is one of Spokane’s oldest

residential areas. From Downtown, the view of the South Hill is dominated by

evergreen trees and two large features: Sacred Heart Medical Center, which is

Spokane’s largest hospital, and the Cathedral of St. John the Evangelist, a

magnificent example of modern English Gothic architecture.




Spokane County

Economic & Business Climate

At a Glance

Metro Population: 481,000 - up over 12.5% since 2000

Major Industries: Telecommunications, Financial Services,

Transportation

Gross Metro Product: $24.5 B

Unemployment: 6.8%

Job Growth (2013): 1.5%

Cost of Living: 1.9% below national average

College Attainment: 27.4%

Net Migration (2013): 510

Data is for the metro area Sources: Moody's Analytics; Sperling's

BestPlaces; U.S. Census. Microsoft Bing Terms Of Service

[http://www.microsoft.com/maps/assets/docs/terms.aspx#11]

Numbers as of July 2014

Spokane County serves as the business, transportation, media,

medical, educational and entertainment hub of the Inland

Northwest, an area population of more than 1.4 million people.

Affordable real estate, skilled workforce, and excellent quality of

life combined with low operation costs, a world-class

telecommunications infrastructure, and a progressive business

climate makes Spokane County an ideal place to do business.

Spokane County is the fourth most populated county in

Washington, serving over 436,000 residents with four full-service

hospitals, two of which are the second and third largest in the

state. The regional economy is diverse, thriving on the emergence

of new technologies in research, education and health and

bio-sciences, while embracing new developments in traditional

industries including agriculture, manufacturing and forestry. Over

the past few years, population and job growth in the Spokane

region continue to outperform national trends. In partnership with

industry, the economy relies on the region’s continued

investments in human capital and infrastructure to create an

environment for success. Our award-winning K-12 schools and

world-class colleges and universities reflect the region’s solid

commitment to education. Significant transportation and

communication assets position the region for sustained growth

and development. Areas Served & Neighborhood Details

The Spokane regional economy is diverse and has opportunities

for a number of industries. From the aerospace companies on the

West Plains, to the tech and health sciences companies in

Spokane, to the manufacturing companies in Spokane Valley and

Liberty Lake, to the agribusiness companies throughout the region,

there’s a place for businesses large and small in the area. The

region’s Certified Sites program allows land to be “certified” and

ready for any company looking to break ground on new

development in a timely manner. Spokane was recently named a

“Best Town” by Outside Magazine and a top place to live after

college. Washington was recently named the 9th-best state to do

business and the 4th-fastest growing state.


Commons on Regal Retail County Information

Pre-Leasing New Retail Development · CBD Spokane’s central business core boasts recently...

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