$5,769,231
Clarkston, WA 99403
MLS# 26-362
15256 sqft
1 / 5
Property Description
Rare opportunity to acquire a true absolute NNN Walgreens—a 100% passive investment with zero landlord responsibilities. The property generates $375,000 in annual net income at a 6.5% cap rate, backed by a long-term lease with approximately 10 years of firm term remaining. Located at 425 Bridge Street, Clarkston, WA, this 14,550 SF freestanding Walgreens sits on a highly visible, signalized hard corner serving the Lewiston, Idaho-Clarkston, Washington bi-state metropolitan area. The asset benefits from significant regional draw, including traffic from a 1.5-hour radius to the area's only Costco, reinforcing its position as a dominant retail anchor. The lease structure is absolute NNN, meaning the tenant is fully responsible for all expenses—including taxes, insurance, maintenance, roof, structure, and parking lot—delivering investors a hands-off ownership experience with no exposure to future capital expenditures. Constructed in 2015, the modern facility features 53 parking
Details
Maps
Contract Information
Status: Active
Listing Type: Comm'l Bldg w/Land
Area: Washington Counties
Neighborhood Grid #: 700
Begin Date: 2026-01-12
List Price: $5,769,231
General Property Description
Building Style: Retail
Basement: No
Year Built: 2015
New Construction: No
Total #/Bldgs: 1
Total SqFt.: 15256
ESTIMATED SqFt Source: Assessor
Lot Acres: 1.27
Lot Type 1: Commercial
Business Type: Retail
Realtor.COM Type: Commercial
Legal and Taxes
Legal: Lots 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 and 33 in Block 38
AIN/Tax Bill: l-001-38-033-0000-00
Parcel Number: l00138033000000
Zoning: Commercial
Directions: Hwy 12 Frontage
Tax Year: 2024
Taxes Reflect 1: No Exemptions
Remarks
Public Remarks: Rare opportunity to acquire a true absolute NNN Walgreens—a 100% passive investment with zero landlord responsibilities. The property generates $375,000 in annual net income at a 6.5% cap rate, backed by a long-term lease with approximately 10 years of firm term remaining. Located at 425 Bridge Street, Clarkston, WA, this 14,550 SF freestanding Walgreens sits on a highly visible, signalized hard corner serving the Lewiston, Idaho-Clarkston, Washington bi-state metropolitan area. The asset benefits from significant regional draw, including traffic from a 1.5-hour radius to the area's only Costco, reinforcing its position as a dominant retail anchor. The lease structure is absolute NNN, meaning the tenant is fully responsible for all expenses—including taxes, insurance, maintenance, roof, structure, and parking lot—delivering investors a hands-off ownership experience with no exposure to future capital expenditures. Constructed in 2015, the modern facility features 53 parking
Address
Street Number: 425
Street Name: Bridge
Street Suffix: St
State/Province: WA
Postal Code: 99403
County: Asotin
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
Rng Dir: WBM
Business Info
Inventory List Available?: No
Inventory Included in Sale Price?: No
Equipment Included in Sale Price?: None
Confidential from Employees?: N/A
Showing Instructions
Showing Service Name: ShowingTime
Property Features
View: Mountain(s); Territorial
Lot Features: Landscaped
Common Walls: No Common Walls
Fuel: Natural Gas
Heating: Forced Air
Basement: None-Slab on Grade
Construction: Frame
Foundation: Concrete
Exterior: Brick
Roof: Rolled Comp
Road: Paved
Sewer: Public Sewer
Terms Considered: 1031 Exchange; Cash
Supplements
spaces and is strategically positioned along Bridge Street (US Route 12) within a high-traffic retail corridor. The property is adjacent to Costco Wholesale and Walmart Supercenter, ensuring consistent traffic counts and long-term relevance. Further enhancing investor appeal, the asset is located in Washington State, offering the benefit of no personal income tax, and is supported by strong regional connectivity via river, rail, and highway infrastructure. Asotin County continues to experience steady growth, solidifying the site's long-term viability. Top tier Walgreens, absolute NNN investment designed for investors seeking predictable income, minimal risk, and complete passivity.
Listing Office: Pearl Realty, LLC
Last Updated: January - 14 - 2026
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