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Key Details
Sold Price $2,970,156
Property Type Single Family Home, Vacant Land
Sub Type Comm'l Bldg w/Land
Listing Status Sold
Purchase Type For Sale
Square Footage 10,566 sqft
Price per Sqft $281
MLS Listing ID 26-1748
Style Retail
Year Built 2025
Annual Tax Amount $23,897
Tax Year 2025
Lot Size 1.430 Acres
Property Sub-Type Comm'l Bldg w/Land
Property Description
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 6.4% 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
Location
State WA
County Spokane
Area Washington Counties
Zoning Commercial
Interior
Heating Electric, Furnace
Equipment None
Exterior
View Territorial
Roof Type Metal
Building
Lot Description Open Lot, Level
Foundation Concrete Perimeter
Sewer Septic Tank
Water Public
New Construction No
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Bought with Pearl Realty, LLC

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