221 W Main St 10,640 SF Retail Building Dayton, WA 99328 $3,399,200 ($319.47/SF) 6% Cap Rate

Currently under construction, an approximately 10,640 square foot single-story retail building on 0.83 acre lot that has been leased to Dollar General.
Lease / Tenant
NEW CONSTRUCTION — Brand New Build-to-Suit for Dollar General
CURRENT STATUS — Under construction, expected opening and rent commencement is February 2026
LONG-TERM LEASE — 15 year absolute NNN lease provides secure, long term cash flow with no landlord responsibilities
RENT INCREASES — Five 5-year options with 5% rental increases every 5 years through the base term plus renewal option periods
INVESTMENT GRADE TENANT — Dollar General has an S&P rating of “BBB” and maintains over 20,000 stores nationwide
CORPORATE GUARANTEE — Lease is guaranteed by Dollar General Corporation (NYSE: DG) for 15 years
Location & Area Strengths:
Dayton is located along State Route 12 in Southeast Washington. The property benefits from a stable, needs-driven trade area with minimal retail competition and strong regional connectivity.
The city of Dayton is the primary commercial, governmental, and service center for the surrounding agricultural communities.
Regional tourism contributes year-round visitation due to the Walla Walla Valley wine industry, Bluewood Ski Area, Umatilla National Forest, and scenic outdoor recreation throughout the Touchet River corridor.
Other tenants in the area include Circle K, Chevron, Napa Auto Parts, Subway, along with several other local and regional businesses.
Median household income of $71,687 and a population of 30,900 with 10 miles.