Marketing Description:

We have been selected to exclusively market for sale a La-Z-Boy location in Spokane, WA. La-Z-Boy has 9 years remaining on their 10-year Corporate Guaranteed (NYSE: LZB) NNN lease and has operated as a La-Z-Boy at this location for over 25 years. The lease features minimal landlord responsibilities (roof & structure) and 2% annual rent increases which provides investors a hedge against inflation. In 2022, the Property underwent approximately $1,000,000 in property and tenant improvements which included parking lot seal and re-stripe, full interior and exterior paint, new monument sign and sign on building, new interior and exterior lighting, new trim and soffits, all new carpet and tile, all new ceiling fixtures and ceiling tiles, new electrical wiring for computers and monitors, and new