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Walgreens 425 Bridge St 14,550 SF Retail Building Clarkston, WA 99403 $6,904,350 CAD ($474.53 CAD/SF) 7.50% Cap Rate



Investment Highlights
- Absolute NNN Lease
- Growing Regional Market
- Prime Signalized Hard Corner Location with Strong Retail Synergy
Executive Summary
A premier, 100% passive investment delivering $375,000 in annual net income at a 7.5% cap rate, this rare absolute NNN Walgreens offers zero landlord responsibilities and zero expense exposure. The tenant is fully responsible for all costs--including taxes, insurance, maintenance, roof, structure, and parking--ensuring a truly hands-off ownership experience with no capital expenditure risk. Secured by a long-term lease with approximately 10 years of firm term remaining, the asset provides stable, predictable income backed by a nationally recognized credit tenant. Built in 2015, the 14,550 SF freestanding building sits on a highly visible, signalized hard corner serving the broader Lewiston-Clarkston bi-state market. Strategically positioned along Bridge Street (US Route 12), the property benefits from exceptional traffic counts and regional draw--including consumers traveling from a 1.5-hour radius to the area's only Costco. Located adjacent to Costco and Walmart Supercenter, the site is firmly embedded within a dominant retail corridor that drives consistent consumer activity and long-term relevance. Further enhancing its appeal, the asset is located in Washington, a state with no personal income tax, and is supported by strong regional connectivity via river, rail, and major highway infrastructure. With steady growth in Asotin County and a top-tier tenant in place, this offering represents a durable, low-risk investment designed for those seeking predictable income and complete passivity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
B
Year Built
2015
Price
$6,904,350 CAD
Price Per SF
$474.53 CAD
Cap Rate
7.50%
NOI
$517,826 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.27 AC
Opportunity Zone
Yes
Zoning
R2 - GENERAL BUSINESS
Parking
53 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
272’ on 5th Street
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-001-38-033-0000-0000 | Improvements Assessment | $2,186,418 CAD |
| Land Assessment | $771,825 CAD | Total Assessment | $2,958,243 CAD |
Property Taxes
Parcel Number
1-001-38-033-0000-0000
Land Assessment
$771,825 CAD
Improvements Assessment
$2,186,418 CAD
Total Assessment
$2,958,243 CAD
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Walgreens | 425 Bridge St
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