Rare opportunity to acquire a true absolute NNN Dollar General with 14+ years of guaranteed lease term remaining, providing $190,090 in annual net income at a 6.2% cap rate. Designed for 100% passive ownership, the lease places all operating expenses and capital responsibilities—including taxes, insurance, maintenance, roof, structure, and parking lot—entirely on the tenant. Located at 6003 Highway 291, Nine Mile Falls, WA, the 10,566 SF freestanding building sits on 1.43 acres with direct access and visibility from Highway 291. The site benefits from convenient ingress/egress and strong daily traffic exposure in a growing Spokane-area trade corridor. Dollar General has executed a 15-year absolute NNN lease with five (5) additional 5-year renewal options, delivering exceptional long-term security. The lease includes 5% rental increases every five years, providing built-in inflation protection and predictable income growth. The lease is corporately guaranteed by Dollar General Corporation.
Rare opportunity to acquire a true absolute NNN Dollar General with 14+ years of guaranteed lease term remaining, providing $190,090 in annual net income at a 6.2% cap rate. Designed for 100% passive ownership, the lease places all operating expenses and capital responsibilities—including taxes, insurance, maintenance, roof, structure, and parking lot—entirely on the tenant. Located at 6003 Highway 291, Nine Mile Falls, WA, the 10,566 SF freestanding building sits on 1.43 acres with direct access and visibility from Highway 291. The site benefits from convenient ingress/egress and strong daily traffic exposure in a growing Spokane-area trade corridor. Dollar General has executed a 15-year absolute NNN lease with five (5) additional 5-year renewal options, delivering exceptional long-term security. The lease includes 5% rental increases every five years, providing built-in inflation protection and predictable income growth. The lease is corporately guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant rated BBB by S&P and Baa2 by Moody's. Situated within the Spokane MSA, Nine Mile Falls is located just 15 miles northwest of downtown Spokane, offering investors exposure to strong regional demographics while maintaining the stability of a necessity-based retailer. Dollar General's essential-goods business model and proven performance through economic cycles further reinforce the durability of this income stream. This is a textbook absolute NNN investmentideal for investors seeking hands-off ownership, secure cash flow, and long-term income growth backed by a nationally recognized, investment-grade tenant.
This 6.69 acre property is currently zoned R2 Residential and could be subdivided down to 1/2 acre lots with individual septic tanks. Could also become even higher density residential (up to 12 units/acre) but that would require a community septic system as per the Health District. This land could also be re-zoned to Business to allow for many different types of uses - grocery store, gas station, office space, health services, etc. Includes approx 450 sq ft of frontage on HWY 291, directly across the street from Lakeside Middle School. All utilities are on the property besides septic. Buyer to do their own due diligence, seller makes no warranties.
Nine Mile Falls is located in Washington. Nine Mile Falls, Washington has a population of 9,739. Nine Mile Falls is less family-centric than the surrounding county with 22.76% of the households containing married families with children. The county average for households married with children is 30.49%.
The median household income in Nine Mile Falls, Washington is $89,226. The median household income for the surrounding county is $64,079 compared to the national median of $69,021. The median age of people living in Nine Mile Falls is 50.2 years.
The average high temperature in July is 84.6 degrees, with an average low temperature in January of 22.4 degrees. The average rainfall is approximately 20 inches per year, with 44.7 inches of snow per year.
