Dollar General Absolute NNN Lease 303 2nd St 9,100 SF Retail Building Morton, WA 98356 $3,387,738 CAD ($372.28 CAD/SF) 6.15% Cap Rate

This is a strong opportunity to acquire a Dollar General property in Morton, Washington, priced at $2,477,268. The property generates $152,352 in annual NOI, reflecting a 6.15% cap rate. It’s backed by a 15-year Absolute NNN lease, so the tenant covers taxes, insurance, and maintenance, making it a truly hands-off investment. The lease runs through April 2037 and includes renewal options with 10% rent increases in each option period, o??ering built-in upside over time.
The store is located near the intersection of US Highway 12 and State Route 7, right in the heart of Lewis County. It benefits from strong visibility and easy access, and it sits along a key route for travelers heading toward Mount Rainier and Mount St. Helens. With steady year round tourist traffic and local residents relying on it for everyday needs, the location supports consistent demand. Morton serves as a commercial hub for the surrounding rural communities. The area includes a mix of local businesses and regional employers such as Hampton Lumber and TMI Forest Products, along with Arbor Health Morton Hospital, which brings regular daily traffic. Overall, the combination of local industry, healthcare presence, and tourism helps support long-term retail stability at this location.