303 2Nd St Morton, WA 98356
NNN leased Dollar General in Morton, WA with upside.
Property size:
9,100 SFProperty Features for 303 2Nd St
General Information
- Standard status
- Active
- Size
- 9,100 SF
Source:
Crexi
Listing Agency: ParaSell Inc Listing Agent: Scott Reid
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Dollar General Investment Opportunity
This property presents an opportunity to acquire a Dollar General store in Morton, Washington. The property is offered at a price of $2,477,268 and generates an annual net operating income of $152,352, resulting in a 6.15% capitalization rate. The property is subject to a 15-year Absolute NNN lease, under which the tenant is responsible for taxes, insurance, and maintenance expenses. The lease extends through April 2037 and includes renewal options with 10% rent increases at each option period. The store is located near the intersection of US Highway 12 and State Route 7, situated in Lewis County. The location benefits from visibility and accessibility, positioned along a route for travelers heading toward Mount Rainier and Mount St. Helens. The location experiences consistent demand from year-round tourist traffic and local residents. Morton functions as a commercial hub for surrounding rural communities. The area includes local businesses and regional employers such as Hampton Lumber and TMI Forest Products, along with Arbor Health Morton Hospital.
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Western Union
Bank
Similar Places Nearby
Morton Country Market
Location Insight
- Map
- Local Demand
- City
- Morton
- County
- Lewis
- State
- Washington
- Longitude
- -122.2744837
- Latitude
- 46.5556687
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - NNN leased Dollar General in Morton, WA with upside.
Where is this grocery and convenience store located?
The property is located at 303 2Nd St Morton, WA.
What are key features of this property?
This property features: - Absolute NNN lease provides a hands-off investment.; - 15-year lease in place through April 2037, offering long-term stability.; - $152,352 annual NOI with a 6.15% cap rate.
