$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
Maps
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
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the Coeur d'Alene MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.