1 Hwy 31 - Freestanding FOR SALE


Ione, WA 99139
$3,000,000 USD
415-852-5177
1 Hwy 31, Ione, WA for Sale
$3,000,000 USD
Freestanding - FOR SALE
1/8
null | 6.25% Cap Rate

1 Hwy 31
Ione, WA 99139


HIGHLIGHTS

  • New 15-year absolute NNN lease to Dollar General, a major national tenant with over 20,000 locations nationwide
  • 5% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.
  • Absolute NNN lease requires no landlord management, including all maintenance responsibilities, ideal for both local and out-of-area investors.
  • Lease is guaranteed by Dollar General Corporation, with over $40 billion in 2024 revenue – a very strong corporate guarantee.
  • Dollar General’s same-store sales saw a 1.4% increase in 2024, with customer traffic and average transaction amounts contributing to the growth.
  • Dollar General plans significant expansion in 2025, including opening 575 new stores in the U.S. and up to 15 in Mexico.

OVERVIEW

Excellent Retail Location: High-visibility and easily accessible location along North Second Avenue, Ione’s primary retail thoroughfare, allowing the property to capture both local and commuter traffic. Reliable Tenancy: Lease is guaranteed by Dollar General Corporation, with over $40 billion in 2024 revenue. High Tourism Location: Ione is surrounded by natural attractions that generate substantial visitor traffic each year, including Colville National Forest, Kaniksu National Forest, and Priest Lake. Limited Competition: Property serves as the only Dollar General within 50 miles, allowing the site to create a strong, reliable customer base. New Construction: Brand new 2025 construction built to the latest Dollar General prototype, featuring a 10,566-SF building to accommodate for more convenience store-type items. Growing Market Dynamics: Projected income increases within 5-, 10-, 15-, and 20-mile radii over the next five years poise this Dollar General and Ione for steady concurrent growth.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$284 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.