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Multi - Tenant NNN Investment 5602 State Route 270 3,138 SF 100% Leased Retail Building Pullman, WA 99163 $830,572 CAD ($264.68 CAD/SF) 8.93% Cap Rate

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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
$830,572 CAD
Price Per SF
$264.68 CAD
Cap Rate
8.93%
NOI
$74,170 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.02
Lot Size
3.13 AC
Zoning
SPMC - South Pullman Moscow Corridor

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
200004514031479
Land Assessment
$174,892 CAD
Improvements Assessment
$129,933 CAD
Total Assessment
$304,825 CAD
  • Listing ID: 36851906

  • Date on Market: 2025-07-21

  • Last Updated:

  • Address: 5602 State Route 270, Pullman, WA 99163

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