8203 W Westover Blvd - Freestanding FOR SALE


Moses Lake, WA 98837
$3,195,000 USD
415-269-0599
8203 W Westover Blvd, Moses Lake, WA for Sale
$3,195,000 USD
Freestanding - FOR SALE
1/5
null | 6.25% Cap Rate

8203 W Westover Blvd
Moses Lake, WA 98837


HIGHLIGHTS

  • Just opened, an approximately 10,566 square foot single-story retail building leased to DG stategic VII, LLC and guaranteed by Dollar General
  • Build to suit construction for Dollar General with new 15 year absolute triple net lease
  • Washington is a “no state income tax” state
  • Average household income of $89,304 within 1 mile and a population of 42,677 within 5 miles.
  • Nearby access to State Route 17 and Interstate 90 with direct access to Seattle MSA and Spokane MSA
  • Located in Grant County, the property is approximately 1.5 miles away from the Grant County International (MWH) Airport and 3.5 miles from downtown.

OVERVIEW

Cushman & Wakefield Net Lease Group is pleased to offer an approximate 10,566 square foot single-story retail building leased to DG STRATEGIC VII, LLC and guaranteed by DOLLAR GENERAL for 15 years starting from the opening of business with an annual rent of $199,716. Moses Lake Metropolitan Area is home to over 100,900 residents. The area was named after the leader of the Sinkiuse Tribe, Chief Moses. The first settlers established fisheries and farms, but irrigation attempts failed, and settlers left at about the same rate as they came. When the town was incorporated, the population was estimated at 302 people. The arrival of the Moses Lake Army Air Base in 1942 and irrigation water pumped from Grand Coulee Dam in 1955 offered newcomers a reason and a way to settle in an area that previously had little to offer other than good fishing and a place to water sheep and cattle. The air base was built to train World War II pilots. The base closed after the war ended but reopened in 1948 as a US Air Force base and test area for Boeing’s B-47 Stratojet and B-50 Superfortress. The tests led to development of modern commercial jetliners still used today. Boeing still uses the airport as a test and evaluation facility for its aircraft. Many residents of the area work on the farmlands that surround the main city. Dollar General (NYSE: DG) is an American chain of variety stores headquartered in Goodlettsville, Tennessee. As of February 2024, Dollar General operates over 20,000 stores in the United States offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, clothing for the family, housewares, and seasonal items at low everyday prices in convenient neighborhood locations. In addition to high-quality private brands, Dollar General sells products from America’s most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills and PepsiCo. This listing is in conjunction with a Washington-licensed broker.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$302 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

121956929

ASK ABOUT THIS PROPERTY

Andrew BogardusCushman & WakefieldMore Info
415-269-0599

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Andrew BogardusCushman & WakefieldMore Info
415-269-0599

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