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    6003 Highway 291 Nine Mile Falls, WA 99026

    Sponsored
    For Sale
    $3,065,967

    Commercial Building - Nine Mile Falls, WA

    Property size:
    10,566 SF
    Lot size:
    1.43 Acres
    Days on Market:
    23
    Last Refresh:
    Feb 5 at 8:06 am

    Property Features for 6003 Highway 291

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    000000-000.000-0000-000.000
    Parking features
    Garage
    Size
    10,566 SF
    Lot size
    1.43 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Year renovated
    2025
    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Joel Pearl

    Pearl Realty, LLC (208) 762-5500

    Listing agent Joel Pearl (208) 762-5500

    Listing date Jan 14, 2026

    MLS# 11611032 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    NNN Dollar General Investment Opportunity

    This is an opportunity to acquire a Dollar General property with over 14 years of guaranteed lease term remaining, providing an annual net income of $190,090. The lease structure is absolute NNN, with all operating expenses and capital responsibilities, including taxes, insurance, maintenance, roof, structure, and parking lot, being the tenant's responsibility. The property is located at 6003 Highway 291, Nine Mile Falls, WA. The freestanding building has 10,566 square feet and sits on 1.43 acres, with direct access and visibility from Highway 291. The site has convenient ingress/egress and exposure to daily traffic in a growing Spokane-area trade corridor. Dollar General has a 15-year absolute NNN lease with five additional 5-year renewal options. The lease includes 5% rental increases every five years. 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. Nine Mile Falls is located 15 miles northwest of downtown Spokane, within the Spokane MSA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nine Mile Falls
    County
    Spokane
    State
    Washington
    Longitude
    -117.581303
    Latitude
    47.815483

    Nearby Similar for Sale

    • $3,065,967
      10,566 SF

      NNN Dollar General Investment Opportunity

      Absolute NNN Dollar General with 14+ years of guaranteed lease.
      6003 Wa-291, Nine Mile Falls, WA 99026
      View Details
    • $285,000
      1,494 SF

      Sundance Meadows Manufactured Home

      Modern home in Nine Mile Falls with community amenities.
      10518 N Jimmy Dr, Nine Mile Falls, WA 99026
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Freestanding Dollar General in Nine Mile Falls with long-term lease.
    Where is this grocery and convenience store located?
    The property is located at 6003 Highway 291 Nine Mile Falls, WA.
    What is the asking price?
    The asking price for this property is $3,065,967.
    What are key features of this property?
    This property features: - Absolute NNN lease with 14+ years remaining, ensuring completely passive ownership.; - Enjoy a $190,090 annual net income at a 6.2% cap rate, for a strong return on investment.; - Corporately guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant (BBB/Baa2).
    (208) 762-5500
    Request Owner's contact information
    6003 Highway 291 Nine Mile Falls, WA 99026
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    Nine Mile Falls, WA 99026
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6003 Highway 291 Nine Mile Falls, WA 99026
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    We can help!
    Listing Contact
    Joel Pearl
    Real Estate License ID: DB29302
    (208) 762-5500
    Learn more
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