303 2nd St - Freestanding FOR SALE


Morton, WA 98356
$2,477,268 USD
310-463-5463
303 2nd St, Morton, WA for Sale
$2,477,268 USD
Freestanding - FOR SALE
1/2
null | 6.15% Cap Rate

303 2nd St
Morton, WA 98356


HIGHLIGHTS

  • Long-Term Absolute NNN Lease
  • Zero Landlord Obligations
  • Corporate Guarantee from Dollar General
  • Gateway Location to Major Tourist Destination
  • Strategic Location Near Major US 12 and SR 7 Intersection
  • Scheduled Increases in Rent

OVERVIEW

This is a strong opportunity to acquire a Dollar General property in Morton, Washington, priced at $2,477,268. The property generates $152,352 in annual NOI, reflecting a 6.15% cap rate. It’s backed by a 15-year Absolute NNN lease, so the tenant covers taxes, insurance, and maintenance, making it a truly hands-off investment. The lease runs through April 2037 and includes renewal options with 10% rent increases in each option period, o??ering built-in upside over time. The store is located near the intersection of US Highway 12 and State Route 7, right in the heart of Lewis County. It benefits from strong visibility and easy access, and it sits along a key route for travelers heading toward Mount Rainier and Mount St. Helens. With steady year round tourist traffic and local residents relying on it for everyday needs, the location supports consistent demand. Morton serves as a commercial hub for the surrounding rural communities. The area includes a mix of local businesses and regional employers such as Hampton Lumber and TMI Forest Products, along with Arbor Health Morton Hospital, which brings regular daily traffic. Overall, the combination of local industry, healthcare presence, and tourism helps support long-term retail stability at this location.

FOR SALE DETAILS

PRICE

$2,477,268 USD

PRICE/SF

$272 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

C

APN/PARCEL ID

008669-004-128

ASK ABOUT THIS PROPERTY

Tyler KolligianThe Kase GroupMore Info
310-463-5463

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Tyler KolligianThe Kase GroupMore Info
310-463-5463

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