Commercial For Sale near Lake Spokane / Long Lake
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.Property Details
- Beds: 0
- Baths: 0.0
- Sq Feet: 10566
- Year Built: 2025
- Location: Lake Spokane / Long Lake
- Acres: 1.430
- ViewTypes: Territorial
- County: Spokane County
- Heat/AC: Electric (Heating)
- Siding: Steel Frame
- Roof: Metal
- Property Taxes: $885
- MLS #: 25-11180
Location
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Contact Information:
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Listing Agent: Joel Pearl, Pearl Realty, 208-762-5500, 208-762-5500 Listing Site, Listing Status: Active
Copyright © 2025 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Ad Statistics:
| Ad Number : | 7015777 |
| Viewed: | 9 times |
| Added: | Nov 27, 2025 |
| Updated on: | Nov 27, 2025 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
