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Multi - Tenant NNN Investment 5602 State Route 270 3,138 SF 100% Leased Retail Building Pullman, WA 99163 $595,000 ($189.61/SF) 8.93% Cap Rate



INVESTMENT HIGHLIGHTS
- ANNUAL 5% RENT INCREASES
- MULTI-TENANT PROPERTY: RETAIL STOREFRONT + CANNABIS GROW OPERATION
- NEWER ROOF AND WELL-MAINTAINED INFRASTRUCTURE
- CURRENT LEASE THROUGH DECEMBER 31, 2030, WITH A 5-YEAR RENEWAL OPTION
- ABSOLUTE NNN—FULLY PASSIVE, HANDS-OFF INVESTMENT
- ADDITIONAL INCOME POTENTIAL WITH AN EXISTING UNUSED STRUCTURE READY FOR REDEVELOPMENT
EXECUTIVE SUMMARY
This is a rare opportunity to acquire a fully leased, cannabis-zoned NNN investment along the highly visible Moscow-Pullman Highway—one of the only commercially zoned corridors between two major universities: Washington State University and the University of Idaho. Cannabis-zoned properties in this region are extremely limited, and this 3.13-acre site comes with two stabilized tenants: a dispensary on a new 5-year lease with 5% annual increases, and a grow operation paying consistent rent. Both tenants have been in place since 2016. With minimal landlord responsibilities, built-in rent growth, and a cap rate approaching 9%, this is a hard-to-find asset in a tightly regulated industry and a location that benefits from strong student, local, and commuter traffic.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
3,138 SF
Building Class
C
Year Built/Renovated
1986/2017
Price
$595,000
Price Per SF
$189.61
Cap Rate
8.93%
NOI
$53,134
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.02
Lot Size
3.13 AC
Zoning
SPMC - South Pullman Moscow Corridor
PROPERTY TAXES
| Parcel Number | 200004514031479 | Improvements Assessment | $93,015 |
| Land Assessment | $125,200 | Total Assessment | $218,215 |
PROPERTY TAXES
Parcel Number
200004514031479
Land Assessment
$125,200
Improvements Assessment
$93,015
Total Assessment
$218,215
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Multi - Tenant NNN Investment | 5602 State Route 270
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