Description
Rare opportunity to acquire a true absolute NNN Walgreens—a 100% passive investment with zero landlord responsibilities. The property generates $375,000 in annual net income at a 7% cap rate, backed by a long-term lease with approximately 10 years of firm term remaining. Located at 425 Bridge Street, Clarkston, WA, this 14,550 SF freestanding Walgreens sits on a highly visible, signalized hard corner serving the Lewiston, Idaho–Clarkston, Washington bi-state metropolitan area. The asset benefits from significant regional draw, including traffic from a 1.5-hour radius to the area’s only Costco, reinforcing its position as a dominant retail anchor. The lease structure is absolute NNN, meaning the tenant is fully responsible for all expenses—including taxes, insurance, maintenance, roof, structure, and parking lot—delivering investors a hands-off ownership experience with no exposure to future capital expenditures. Constructed in 2015, the modern facility features 53 parking spaces.
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0BEDS
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1.27ACRES
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0BATHS
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01/2 BATHS
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14,550SQFT
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$368$/SQFT
Description
Rare opportunity to acquire a true absolute NNN Walgreens—a 100% passive investment with zero landlord responsibilities. The property generates $375,000 in annual net income at a 7% cap rate, backed by a long-term lease with approximately 10 years of firm term remaining. Located at 425 Bridge Street, Clarkston, WA, this 14,550 SF freestanding Walgreens sits on a highly visible, signalized hard corner serving the Lewiston, Idaho–Clarkston, Washington bi-state metropolitan area. The asset benefits from significant regional draw, including traffic from a 1.5-hour radius to the area’s only Costco, reinforcing its position as a dominant retail anchor. The lease structure is absolute NNN, meaning the tenant is fully responsible for all expenses—including taxes, insurance, maintenance, roof, structure, and parking lot—delivering investors a hands-off ownership experience with no exposure to future capital expenditures. Constructed in 2015, the modern facility features 53 parking spaces.
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