Walgreens NNN Retail
New
For Sale
$5,016,000
585 Gage Blvd, Richland, WA 99352
Commercial Sale, Richland, WA
Property SizeContact for details
Lot Size1.41 Acres
Days on Market1
Property Features for 585 Gage Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
High school district
000000
Standard status
Active
APN
000000-035.000-0000-000.000
Lot size
1.41 Acres
Additional Details
Tenant in Place
Yes
Building Details
Year built
2005
Listing Agency:
Pearl Realty, LLC
Listed By:
Joel Pearl
(208) 762-5500
Added: Oct 30
Last Checked: Oct 30 at 7:06PM
MLS# 12049764
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.
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Investment Insights
Based on property information with market context.
The Walgreens retail property sits on a 1.41-acre parcel and was built in 2005. Its NNN lease has approximately 8.10 years remaining in the firm term, followed by twelve five-year renewal options. Contractual rent increases are scheduled at 5%, with the next increase in 2027; the lease carries a 6.5% cap rate. Walgreens is responsible for property taxes, insurance, utilities, and most maintenance and repairs, including the roof, structure, and parking lot, subject to limited contractual exceptions.
The property is at Gage Boulevard and Leslie Road in Richland, directly across from a medical center. Shopping centers, restaurants, professional offices, and residential neighborhoods are also identified in the surrounding commercial area.
The property is at Gage Boulevard and Leslie Road in Richland, directly across from a medical center. Shopping centers, restaurants, professional offices, and residential neighborhoods are also identified in the surrounding commercial area.
Key Highlights
- Walgreens pharmacy property on a 1.41‑acre parcel
- Built in 2005
- NNN lease with approximately 8.10 years remaining on the firm term
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
77k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Dining 23%
Shops & Services 15%
Home Improvements & Furnishings 11%
Safeway
Groceries
33,293 visits/mo
0.2 miles
Speedway
Shops & Services
11,278 visits/mo
0.1 miles
Starbucks
Dining
10,493 visits/mo
0.1 miles
Ace Hardware
Home Improvements & Furnishings
8,311 visits/mo
0.3 miles
Papa Murphy's
Dining
3,564 visits/mo
0.1 miles
Demographics for 99352, WA
35,762
Population
15,522
Households
2.3
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
24.0 sq mi
ZIP Area
1,490
Density / Sq Mi
$96,875
Median Household Income
$65,348
Median Earnings
$1,457
Median Rent
$442,100
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - A Walgreens pharmacy occupies a corner location across from a medical center under a triple-net lease.
Where is this nnn property located?
The property is located at 585 Gage Blvd Richland, WA.
What is the asking price?
The asking price for this property is $5,016,000.
What are key features of this property?
This property features: Walgreens pharmacy property on a 1.41‑acre parcel; Built in 2005; NNN lease with approximately 8.10 years remaining on the firm term
