6003 Highway 291 - Freestanding FOR SALE


Nine Mile Falls, WA 99026
$3,042,000 USD
509-570-7447
6003 Highway 291, Nine Mile Falls, WA for Sale
$3,042,000 USD
Freestanding - FOR SALE
1/2
null | 6.25% Cap Rate

6003 Highway 291
Nine Mile Falls, WA 99026


OVERVIEW

• NEW CONSTRUCTION DOLLAR GENERAL | Completion scheduled for February 2025 • LONG-TERM LEASE | 15-year absolute NNN lease provides secure, long term cash flow with no landlord responsibilities • RENTAL INCREASES | 5% rental increases every 5 years throughout the base lease term and renewal option periods • CORPORATE GUARANTEE | The lease is guaranteed by Dollar General Corporation (NYSE: DG) • INVESTMENT GRADE TENANT | Dollar General has a BBB rating from S&P and a Baa2 rating from Moody’s • PROMINENT LOCATION | The property is highly visible with direct access off Highway 291 • SPOKANE MSA | Nine Mile Falls is a suburb of Spokane located 15 miles northwest of downtown

FOR SALE DETAILS

PRICE

$3,042,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

Commercial

APN/PARCEL ID

0859701

ASK ABOUT THIS PROPERTY

Maxwell McDonaldMarcus & MillichapMore Info
509-570-7447

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Maxwell McDonaldMarcus & MillichapMore Info
509-570-7447

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