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Julie Paterson

julie@bestcdahomes.com +1(208) 277-4499

$5,000,000

Est. payment - /mo

14,550 SqFt

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UPDATED:

Key Details

Property Type Single Family Home, Vacant Land

Sub Type Comm'l Bldg w/Land

Listing Status Pending

Purchase Type For Sale

Square Footage 14,550 sqft

Price per Sqft $343

MLS Listing ID 26-10580

Style Retail

Year Built 2015

Tax Year 2025

Lot Size 1.270 Acres

Acres 1.27

Property Sub-Type Comm'l Bldg w/Land

Source Coeur d'Alene Multiple Listing Service

Property Description

Rare opportunity to acquire a true absolute NNN Walgreens at the gateway to a bustling regional commercial corridor, adjacent to the region's only Costco, with the next closest nearly 90 miles away. This highly active, irreplaceable location serves a regional trade area of nearly 160,000 residents. Offering $375,000 in annual net income at a compelling 7.5% cap rate, approximately 8.4 years of firm lease term remaining, and zero landlord responsibilities. Built in 2015, the 14,550 SF freestanding building sits on a highly visible, signalized hard corner serving the broader Lewiston-Clarkston bi-state market. Strategically positioned along Bridge Street (US Route 12), the property benefits from exceptional traffic counts and regional draw--including consumers traveling from a 1.5-hour radius to the area's only Costco. Located adjacent to Costco and Walmart Supercenter, the site is firmly embedded within a dominant retail corridor that drives consistent consumer activity and long-term relevance. Further enhancing its appeal, the asset is located in Washington, a state with no personal income tax, and is supported by strong regional connectivity via river, rail, and major highway infrastructure. With steady growth in Asotin County and a top-tier tenant in place, this offering represents a durable, low-risk investment designed for those seeking predictable income and complete passivity.

Location

State WA

County Asotin

Area Washington Counties

Zoning Commercial

Direction Hwy 12 Frontage

Rooms

Basement None-Slab on Grade

Interior

Heating Natural Gas, Electric, Forced Air

Equipment None

Exterior

View Mountain(s), Territorial

Roof Type Rolled Comp

Building

Lot Description Landscaped, Corner Lot, Level

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID l00138033000000

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Listed by Pearl Realty, LLC

Nearby School & Business

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Julie Paterson

+1(208) 277-4499

Agent License ID: SP47587

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425 Bridge St Clarkston, WA 99403

Julie Paterson

Key Details

Location

Rooms

Interior

Exterior

Building

Others