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

Rare opportunity to acquire a true absolute NNN Dollar General with 14+ years of guaranteed lease term remaining, providing $190,090 in annual net income at a 6.2% cap rate. Designed for 100% passive ownership, the lease places all operating expenses and capital responsibilities—including taxes, insurance, maintenance, roof, structure, and parking lot—entirely on the tenant. Located at 6003 Highway 291, Nine Mile Falls, WA, the 10,566 SF freestanding building sits on 1.43 acres with direct access and visibility from Highway 291. The site benefits from convenient ingress/egress and strong daily traffic exposure in a growing Spokane-area trade corridor. Dollar General has executed a 15-year absolute NNN lease with five (5) additional 5-year renewal options, delivering exceptional long-term security. The lease includes 5% rental increases every five years, providing built-in inflation protection and predictable income growth. The lease is corporately guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant rated BBB by S&P and Baa2 by Moody’s. Situated within the Spokane MSA, Nine Mile Falls is located just 15 miles northwest of downtown Spokane, offering investors exposure to strong regional demographics while maintaining the stability of a necessity-based retailer. Dollar General’s essential-goods business model and proven performance through economic cycles further reinforce the durability of this income stream. This is a textbook absolute NNN investment—ideal for investors seeking hands-off ownership, secure cash flow, and long-term income growth backed by a nationally recognized, investment-grade tenant.

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.