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Dollar General 6003 Highway 291

10,566 SF Retail Building Nine Mile Falls, WA 99026 $3,042,000 ($288/SF) 6.25% Cap Rate

Retail Buildings Washington Nine Mile Falls 6003 Highway 291, Nine Mile Falls, WA 99026

Executive Summary

• 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

Attachments

DG Nine Mile Falls WA

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,566 SF
Year Built
2025
Construction Status
Under Construction
Price
$3,042,000
Price Per SF
$288
Cap Rate
6.25%
NOI
$190,092
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.43 AC
Zoning
Commercial

Links

1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0859702
  • 0859701
 Improvements Assessment $0
Land Assessment $187,500 Total Assessment $187,500

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0859702
  • 0859701
Land Assessment
$187,500
Improvements Assessment
$0
Total Assessment
$187,500
(509) 570-7447

Contacts

  • Listing ID: 33975343

  • Date on Market: 11/22/2024

  • Last Updated:

  • Address: 6003 Highway 291, Nine Mile Falls, WA 99026

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6003 Highway 291, Nine Mile Falls, WA for sale Primary Photo- Image 1 of 3
DG representative photo
6003 Highway 291, Nine Mile Falls, WA for sale Building Photo- Image 2 of 3
DG representative photo 2

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Dollar General | 6003 Highway 291
(509) 570-7447 x

Dollar General | 6003 Highway 291

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Maxwell McDonald

(509) 570-7447

(509) 570-7447

Jesse Fox

(206) 826-5677

(206) 826-5677

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