REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Joel Pearl • Pearl Realty, LLC
$ 5,769,231
Est. payment | /mo
14,550 SqFt
$ 5,769,231
Est. payment | /mo
14,550 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,550 sqft
Price per Sqft $396
MLS Listing ID 202610779
Year Built 2015
Lot Size 1.270 Acres
Lot Dimensions 1.27
Property Sub-Type Commercial
Property 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 6.5% 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.
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
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "