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    The Largest CRE Database in the US with Over 1 Million Listings

    6003 Wa-291 Nine Mile Falls, WA 99026

    Sponsored
    For Sale
    $3,065,967

    COMMERCIAL - Nine Mile, WA

    Type:Retail
    Property size:
    10,566 SF
    Lot size:
    1.43 Acres
    Days on Market:
    23
    Last Refresh:
    Feb 5 at 2:06 pm

    Property Features for 6003 Wa-291

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    Commercial
    APN
    0859702
    Basement
    None
    Size
    10,566 SF
    Lot size
    1.43 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    2025
    Building materials
    Steel Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Joel Pearl

    Pearl Realty (208) 762-5500

    Listing agent Joel Pearl (208) 762-5500 License #DB29302

    Listing date Jan 14, 2026

    MLS# 25-11180

    Copyright © 2026 Coeur d'Alene Multiple Listing Service. 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 commercial property in Nine Mile Falls, WA, presents an opportunity to acquire a Dollar General retail property with a guaranteed lease term of over 14 years. The property generates an annual net income of $190,090, with a cap rate of 6.2%. The lease is structured as an absolute NNN lease, assigning all operating expenses and capital responsibilities, including taxes, insurance, maintenance, roof, structure, and parking lot upkeep, to the tenant. The freestanding 10,566 square foot building is located at 6003 Highway 291 and sits on a 1.43-acre lot, offering direct access and visibility from the highway. The site benefits from convenient access and strong daily traffic exposure within a growing trade corridor near Spokane. Dollar General has a 15-year absolute NNN lease with five additional 5-year renewal options. The lease agreement incorporates 5% rental increases every five years. The lease is corporately guaranteed by Dollar General Corporation (NYSE: DG), with an investment-grade tenant rating of 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

    Map

    City
    Nine Mile Falls
    County
    Spokane
    State
    Washington
    Longitude
    -117.581289
    Latitude
    47.815504

    Nearby Similar for Sale

    • $3,065,967
      10,566 SF

      NNN Dollar General Investment Opportunity

      Freestanding Dollar General in Nine Mile Falls with long-term lease.
      6003 Highway 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.
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    FAQs

    What type of property is this?
    Grocery and convenience store - Absolute NNN Dollar General with 14+ years of guaranteed lease.
    Where is this grocery and convenience store located?
    The property is located at 6003 Wa-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 100% passive ownership.; - Corporately guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant.; - **$190,090 annual net income at a 6.2% cap rate**, providing a strong return on investment.
    (208) 762-5500
    Request Owner's contact information
    6003 Wa-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 Wa-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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