September 12, 2025 – Matt Siebert of Horvath & Tremblay has successfully completed the sale of a Maverik Gas Station and Convenience Store in Spokane, Washington. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,706,700.
Maverik is located at 6410 N Freya Street in Spokane, Washington. The new construction Maverik features a 4,482 square foot convenience store with 20 fueling stations on a 2.3-acre corner parcel of land. Maverik has a new 20-year Absolute NNN Ground Lease with ten (10), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. The new construction Maverik is located at the signalized intersection of E Francis Avenue and N Freya Street in Spokane’s Hillyard neighborhood. The Property is seconds from the N Spokane Corridor (US Highway 395) and is positioned at the north end of an industrial district that is home to hundreds of businesses and countless employees. The Property is also convenient to dense residential neighborhoods, providing a built-in customer base. The Property is 6 miles from Downtown Spokane.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.