5602 State Route 270 - Retail FOR SALE


Pullman, WA 99163
$595,000 USD
509-342-6206
5602 State Route 270, Pullman, WA for Sale
$595,000 USD
Retail - FOR SALE
1/6
null | 8.93% Cap Rate

5602 State Route 270
Pullman, WA 99163


HIGHLIGHTS

  • ANNUAL 5% RENT INCREASES
  • CURRENT LEASE THROUGH DECEMBER 31, 2030, WITH A 5-YEAR RENEWAL OPTION
  • MULTI-TENANT PROPERTY: RETAIL STOREFRONT + CANNABIS GROW OPERATION
  • ABSOLUTE NNN—FULLY PASSIVE, HANDS-OFF INVESTMENT
  • NEWER ROOF AND WELL-MAINTAINED INFRASTRUCTURE
  • ADDITIONAL INCOME POTENTIAL WITH AN EXISTING UNUSED STRUCTURE READY FOR REDEVELOPMENT

OVERVIEW

This is a rare opportunity to acquire a fully leased, cannabis-zoned NNN investment along the highly visible Moscow-Pullman Highway—one of the only commercially zoned corridors between two major universities: Washington State University and the University of Idaho. Cannabis-zoned properties in this region are extremely limited, and this 3.13-acre site comes with two stabilized tenants: a dispensary on a new 5-year lease with 5% annual increases, and a grow operation paying consistent rent. Both tenants have been in place since 2016. With minimal landlord responsibilities, built-in rent growth, and a cap rate approaching 9%, this is a hard-to-find asset in a tightly regulated industry and a location that benefits from strong student, local, and commuter traffic.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

8.93%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi - Tenant NNN Investment

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.13 AC

LAND SF

136,343 SF

ZONING

SPMC

APN/PARCEL ID

200004514031479

ASK ABOUT THIS PROPERTY

Cayden KerrSVN | CornerstoneMore Info
509-342-6206

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Cayden KerrSVN | CornerstoneMore Info
509-342-6206

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