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Dollar General | Nine Mile Falls, WA (Spokane MSA)
6003 WA-291, Nine Mile Falls, WA 99026
Listing Price: $3,042,000
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale the new construction Dollar General store located at 6003 Highway 291 in Nine Mile Falls, Washington. The property is currently under construction with the completion scheduled for February 2025. Upon completion, the property will consist of a 10,566-square foot building on a 1.43-acre lot.
Dollar General has signed a 15-year absolute NNN lease with five, 5-year renewal options. There are 5% rental increases every 5 years throughout the base lease term and renewal option periods. Dollar General is responsible for all expenses related to the property including taxes, repairs and maintenance, insurance, and utilities.
Dollar General | Nine Mile Falls, WA (Spokane MSA)
Investment Highlights
- NEW CONSTRUCTION DOLLAR GENERAL | Completion scheduled for February 2025
- LONG-TERM LEASE | 15-year absolute NNN lease provides secure, long term cash flow with no landlord responsibilities
- RENTAL INCREASES | 5% rental increases every 5 years throughout the base lease term and renewal option periods
- CORPORATE GUARANTEE | The lease is guaranteed by Dollar General Corporation (NYSE: DG)
- INVESTMENT GRADE TENANT | Dollar General has a BBB rating from S&P and a Baa2 rating from Moody's
- PROMINENT LOCATION | The property is highly visible with direct access off Highway 291
- SPOKANE MSA | Nine Mile Falls is a suburb of Spokane located 15 miles northwest of downtown
Exclusively Listed By
Listing Price: $3,042,000
Investment Highlights
- NEW CONSTRUCTION DOLLAR GENERAL | Completion scheduled for February 2025
- LONG-TERM LEASE | 15-year absolute NNN lease provides secure, long term cash flow with no landlord responsibilities
- RENTAL INCREASES | 5% rental increases every 5 years throughout the base lease term and renewal option periods
- CORPORATE GUARANTEE | The lease is guaranteed by Dollar General Corporation (NYSE: DG)
- INVESTMENT GRADE TENANT | Dollar General has a BBB rating from S&P and a Baa2 rating from Moody's
- PROMINENT LOCATION | The property is highly visible with direct access off Highway 291
- SPOKANE MSA | Nine Mile Falls is a suburb of Spokane located 15 miles northwest of downtown
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale the new construction Dollar General store located at 6003 Highway 291 in Nine Mile Falls, Washington. The property is currently under construction with the completion scheduled for February 2025. Upon completion, the property will consist of a 10,566-square foot building on a 1.43-acre lot. Dollar General has signed a 15-year absolute NNN lease with five, 5-year renewal options. There are 5% rental increases every 5 years throughout the base lease term and renewal option periods. Dollar General is responsible for all expenses related to the property including taxes, repairs and maintenance, insurance, and utilities.
Exclusively Listed By
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