Sold
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$2,970,156

Lease Option Available
201 days
Commercial|Built 2025
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

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 Corporation.

Sale Summary

Sold Price

$2,924,500

List Price

$2,970,156

Sale vs List

-2%

Close Date

Apr 7, 2026

Financing

Cash

Buyer's Agent

Joel Pearl

Property Details

Property Type

Commercial

Year Built

2025

County

Stevens

Lot Size

1.43 acres

Schools

Elementary: Nine Mile Falls

Days to Sell

35 days

MLS #

SAR202612796

Parcel #

0859702

MLS Area

A332/037

MLS Class

Commercial

Listing Terms

Conventional, Cash, Exchange

Road Frontage

City Street, Paved Road

Lease Considered

Yes

MLS Status

Sold

Listed On

Mar 2, 2026

Went Pending

Mar 23, 2026

Status Changed

Apr 7, 2026

Last MLS Update

Apr 7, 2026

MLS Branch

1051

School Information

Elementary

Nine Mile Falls

Home Features & Details

Construction

Steel Frame

Roof

Metal

Basement

None

Heating

Forced Air

Listed By

Joel Pearl

Pearl Realty, LLC

Estimated Monthly Payment

$16,088/mo

Estimated at 6.5% APR, 30-year fixed. For informational purposes only.

Property Highlights

Year Built2025
Lot Size1.43 acres
StatusClosed

Location

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