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Dollar General 6003 Highway 291 10,566 SF Retail Building Nine Mile Falls, WA 99026 $4,279,845 CAD ($405.06 CAD/SF) 6.20% Cap Rate

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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 (CAD) ANNUAL PER SF (CAD)
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 (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,566 SF
Building Class
B
Year Built
2025
Price
$4,279,845 CAD
Price Per SF
$405.06 CAD
Cap Rate
6.20%
NOI
$265,353 CAD
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

PROPERTY TAXES

Parcel Number
0859701
Land Assessment
$132,140 CAD
Improvements Assessment
$26,780 CAD
Total Assessment
$158,920 CAD
  • Listing ID: 38555516

  • Date on Market: 2025-11-24

  • Last Updated:

  • Address: 6003 Highway 291, Nine Mile Falls, WA 99026

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