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Listed by Joel Pearl • Pearl Realty, LLC
$5,000,000
Est. payment /mo
14,550 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,550 sqft
Price per Sqft $343
MLS Listing ID 202615744
Year Built 2015
Lot Size 1.270 Acres
Lot Dimensions 1.27
Property Sub-Type Commercial
Property Description
A premier, 100% passive investment delivering $375,000 in annual net income at a 7.5% cap rate, this rare absolute NNN Walgreens offers zero landlord responsibilities and zero expense exposure. The tenant is fully responsible for all costs--including taxes, insurance, maintenance, roof, structure, and parking--ensuring a truly hands-off ownership experience with no capital expenditure risk. Secured by a long-term lease with approximately 10 years of firm term remaining, the asset provides stable, predictable income backed by a nationally recognized credit tenant. Built in 2015, the 14,550 SF freestanding building sits on a highly visible, signalized hard corner serving the broader Lewiston-Clarkston bi-state market. Strategically positioned along Bridge Street (US Route 12), the property benefits from exceptional traffic counts and regional draw--including consumers traveling from a 1.5-hour radius to the area's only Costco. Low-risk investment designed for those seeking predictable income.
Location
State WA
County Asotin
Rooms
Basement None
Interior
Heating Forced Air
Exterior
View Y/N true
Roof Type Flat
Building
Lot Description Level, Corner Lot
Structure Type Brick
Schools
School District East Valley
Others
Acceptable Financing Conventional, Cash, Exchange
Listing Terms Conventional, Cash, Exchange
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Nearby Locations
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