6003 Highway 291 - Freestanding FOR SALE


Nine Mile Falls, WA 99026
$3,041,440 USD
208-964-2388
6003 Highway 291, Nine Mile Falls, WA for Sale
$3,041,440 USD
Freestanding - FOR SALE
1/8
null | 6.25% Cap Rate

6003 Highway 291
Nine Mile Falls, WA 99026


HIGHLIGHTS

  • Investment Highlights – Dollar General, Nine Mile Falls, WA Strong National Tenant Leased to Dollar General Corporation (NYSE: DG)
  • Investment-grade credit: BBB (S&P), Baa2 (Moody’s) Corporate guarantee ensures reliable income
  • Absolute NNN Lease 15-year initial lease term with zero landlord responsibilities
  • Five (5), 5-year renewal options 5% rent increases every 5 years, offering built-in income growth
  • Attractive Income Profile Offered at a 6.25% cap rate
  • High-visibility location with direct access to Hwy 291 (AADT: 8,598) Positioned within the growing Spokane MSA, just 15 miles from downtown Spokane

OVERVIEW

The Dollar General store at 6003 Highway 291 in Nine Mile Falls, WA features a 10,566 SF building on 1.43 acres in a high-visibility location with direct access from Hwy 291 (AADT 8,598). Dollar General has executed a 15-year absolute NNN lease with five, 5-year renewal options and 5% rental increases every 5 years, offering secure, long-term cash flow with zero landlord responsibilities. The lease is corporately guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant with a BBB rating from S&P and Baa2 from Moody's. Situated within the Spokane MSA, Nine Mile Falls is just 15 miles from downtown Spokane, combining strong demographics with stable tenancy. Offered at a 6.25% cap rate, this asset provides investors with a passive, inflation-hedged income stream backed by a nationally recognized retailer.

FOR SALE DETAILS

PRICE

$3,041,440 USD

PRICE/SF

$288 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

Commercial

APN/PARCEL ID

0859701

ASK ABOUT THIS PROPERTY

Joel PearlPearl RealtyMore Info
208-964-2388

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Joel PearlPearl RealtyMore Info
208-964-2388

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