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$ 5,000,000
Est. payment | /mo
14,550 SqFt
$ 5,000,000
Est. payment | /mo
14,550 SqFt
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 14,550 sqft
Price per Sqft $343
MLS Listing ID 26-3702
Style Retail
Year Built 2015
Tax Year 2024
Lot Size 1.270 Acres
Acres 1.27
Property Sub-Type Comm'l Bldg w/Land
Source Coeur d'Alene Multiple Listing Service
Property Description
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.
Location
State WA
County Asotin
Area Washington Counties
Zoning Commercial
Direction Hwy 12 Frontage
Rooms
Basement None-Slab on Grade
Interior
Heating Natural Gas, Electric, Forced Air
Equipment None
Exterior
View Mountain(s), Territorial
Roof Type Rolled Comp
Building
Lot Description Landscaped, Corner Lot, Level
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID l00138033000000
Listed by Pearl Realty, LLC
NEARBY SCHOOL & BUSINESS