6003 Highway 291 - Freestanding FOR SALE


Nine Mile Falls, WA 99026
$3,065,967 USD
208-964-2388
6003 Highway 291, Nine Mile Falls, WA for Sale
$3,065,967 USD
Freestanding - FOR SALE
1/8
null | 6.2% Cap Rate

6003 Highway 291
Nine Mile Falls, WA 99026


HIGHLIGHTS

  • Strong National Tenant | High-visibility location with direct access to Hwy 291 (AADT: 8,598)
  • Absolute NNN Lease | Offered at a 6.2% cap rate
  • 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 | Positioned within the growing Spokane MSA, just 15 miles from downtown Spokane
  • Provides passive, inflation-hedged income | Long-term, stable cash flow
  • 10,566 SF building on 1.43 acres | Prime Real Estate

OVERVIEW

Offered at a 6.2% cap rate, this asset provides investors with a passive, inflation-hedged income stream backed by a nationally recognized retailer. 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.

FOR SALE DETAILS

PRICE

$3,065,967 USD

PRICE/SF

$290 USD /SF

CAP RATE

6.2%

% 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.