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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
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 6.2% 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 (NYSE: DG), an investment-grade tenant rated BBB by S&P and Baa2 by Moody’s. Situated within the Spokane MSA, Nine Mile Falls is located just 15 miles northwest of downtown Spokane, offering investors exposure to strong regional demographics while maintaining the stability of a necessity-based retailer. Dollar General’s essential-goods business model and proven performance through economic cycles further reinforce the durability of this income stream. This is a textbook absolute NNN investment—ideal for investors seeking hands-off ownership, secure cash flow, and long-term income growth backed by a nationally recognized, investment-grade tenant.
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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