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Dollar General 6003 Highway 291 10,566 SF Retail Building Nine Mile Falls, WA 99026 $3,065,967 ($290.17/SF) 6.20% Cap Rate



INVESTMENT HIGHLIGHTS
- Strong National Tenant | High-visibility location with direct access to Hwy 291 (AADT: 8,598)
- 15-year initial lease term with zero landlord responsibilities | Five (5), 5-year renewal options
- Provides passive, inflation-hedged income | Long-term, stable cash flow
- Absolute NNN Lease | Offered at a 6.2% cap rate
- 5% rent increases every 5 years, offering built-in income growth | Positioned within the growing Spokane MSA, just 15 miles from downtown Spokane
- 10,566 SF building on 1.43 acres | Prime Real Estate
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,566 SF
Building Class
B
Year Built
2025
Price
$3,065,967
Price Per SF
$290.17
Cap Rate
6.20%
NOI
$190,092
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.43 AC
Zoning
Commercial
Parking
34 Spaces (3.22 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0859701 | Improvements Assessment | $19,000 |
| Land Assessment | $93,750 | Total Assessment | $112,750 |
PROPERTY TAXES
Parcel Number
0859701
Land Assessment
$93,750
Improvements Assessment
$19,000
Total Assessment
$112,750
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Dollar General | 6003 Highway 291
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