Property Description

Rare opportunity to acquire a true absolute NNN Walgreens at the gateway to a bustling regional commercial corridor, adjacent to the region's only Costco, with the next closest nearly 90 miles away. This highly active, irreplaceable location serves a regional trade area of nearly 160,000 residents. Offering $375,000 in annual net income at a compelling 7.5% cap rate, approximately 8.4 years of firm lease term remaining, and zero landlord responsibilities. 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. Located adjacent to Costco and Walmart Supercenter, the site is firmly embedded within a dominant retail corridor that drives consistent consumer activity and long-term relevance. Further enhancing its appeal, the asset is located in Washington, a state with no personal income tax, and is supported by strong regional connectivity via river, rail, and major highway infrastructure. With steady growth in Asotin County and a top-tier tenant in place, this offering represents a durable, low-risk investment designed for those seeking predictable income and complete passivity.

Property Features