$3,065,967
Nine Mile, WA 99026
MLS# 25-11180
10566 sqft
1 / 6
Property Description
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.
Details
Contract Information
Status: Active
Listing Type: Comm'l Bldg w/Land
Area: Washington Counties
Neighborhood Grid #: 700
Begin Date: 2025-11-24
List Price: $3,065,967
General Property Description
Building Style: Retail
Basement: No
Year Built: 2025
New Construction: No
Total #/Bldgs: 1
Total SqFt.: 10566
ESTIMATED SqFt Source: Builder
Lot Acres: 1.43
Lot Type 1: Commercial
Business Type: Retail
Realtor.COM Type: Commercial
Legal and Taxes
Legal: SUNCREST 11TH ADDITION TAX 21
AIN/Tax Bill: 0859702
Parcel Number: 0859702
Zoning: Commercial
Directions: From Spokane, take Highway 2 to West Francis Avenue, which transitions into North Nine Mile Road. Continue along SR 291 to site.
Taxes: 885.36
Tax Year: 2024
Taxes Reflect 1: Not Yet Recorded
Remarks
Public Remarks: 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.
Address
Street Number: 6003
Street Name: WA-291
State/Province: WA
Postal Code: 99026
County: Spokane
Property Subject To
CC&Rs: No
BID: No
Non-Mtg Lien: No
LID: No
Flood Zone: Unknown
Aircraft Flight Zone: Unknown
Fire Protection Dist: Unknown
Miscellaneous
Sec: 25
Twn: 27N
Rng: 41E
Rng Dir: WBM
Business Info
Inventory List Available?: No
Inventory Included in Sale Price?: No
Equipment Included in Sale Price?: None
Confidential from Employees?: Yes
Monthly Lease Amount: 15841
Exterior
Other: Metal
Showing Instructions
Showing Service Name: None
Property Features
View: Territorial
Lot Features: Level; Open Lot
Exterior Features: Paved Parking
Common Walls: No Common Walls
Fuel: Electric
Heating: Furnace
Basement: None-Slab on Grade
Construction: Steel Frame
Foundation: Concrete
Roof: Metal
Road: Paved; Public Maintained Road
Sewer: Septic Tank
Terms Considered: 1031 Exchange; Cash; Conventional
Listing Office: Pearl Realty, LLC
Last Updated: November - 24 - 2025
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