6003 WA-291 new Save Request In-Person Tour Request Virtual Tour
Nine Mile,WA 99026
Key Details
Property Type Single Family Home, Vacant Land
Sub Type Comm'l Bldg w/Land
Listing Status Active
Purchase Type For Sale
Square Footage 10,566 sqft
Price per Sqft $287
MLS Listing ID 25-10592
Style Retail
Year Built 2025
Annual Tax Amount $885
Tax Year 2024
Lot Size 1.430 Acres
Property Sub-Type Comm'l Bldg w/Land
Property Description
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. Offered at a 6.25% cap rate, this asset provides investors with a passive, inflation-hedged income stream backed by a nationally recognized retailer.
Location
State WA
County Spokane
Area Washington Counties
Zoning Commercial
Interior
Heating Electric,Furnace
Equipment None
Exterior
View Territorial
Roof Type Metal
Building
Lot Description Open Lot,Level
Foundation Concrete Perimeter
Sewer Septic Tank
Water Public
New Construction No