6003 Highway 291, Nine Mile Falls, WA 99026
sale
$3,065,967
|
Other
Courtesy Of Pearl Realty, LLC
Offered at a 6.2% cap rate, this asset provides investors with a passive, inflation-hedged income stream backed by a nationally recognized retailer. The Dollar General store at 6003 Highway 291 in Nine Mile Falls, WA features a 10,566 SF building on 1.43 acres in a high-visibility location with direct access from Hwy 291 (AADT 8,598). Dollar General has executed a 15-year absolute NNN lease with five, 5-year renewal options and 5% rental increases every 5 years, offering secure, long-term cash flow with zero landlord responsibilities. The lease is corporately guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant with a BBB rating from S&P and Baa2 from Moody's. Situated within the Spokane MSA, Nine Mile Falls is just 15 miles from downtown Spokane, combining strong demographics with stable tenancy.
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Property Features
- Age: New Construction
- Architecture Style: Other
- Building Units: 0
- Cooling System: Central Air
- Floors: 1
- Heating System: Forced Air
- MLSID: 11611032
- Roof Type: Metal
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