Walgreens NNN Investment
New
For Sale
$10,016,000
585 Gage Blvd, Richland, WA 99352
Commercial Sale, Richland, WA
Property SizeContact for details
Lot Size2.68 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
2.68 Acres
Additional Details
Tenant in Place
Yes
Corner Location
Yes
Building Details
Year built
2005
Buildings
2
Listing Agency:
Pearl Realty, LLC
Listed By:
Joel Pearl
(208) 762-5500
Added: Oct 30
Last Checked: Oct 30 at 7:06PM
MLS# 12049772
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.
This two-property Walgreens portfolio includes a Richland location and a freestanding store in Clarkston, Washington. The Richland property, built in 2005, sits at the Gage Boulevard and Leslie Road intersection, across from a medical center. Its NNN lease includes twelve additional five-year renewal periods and scheduled 5% rent increases. The Clarkston store was built in 2015 and contains 14,550 square feet. It is positioned on Bridge Street (US Route 12) at a signalized corner.
The Richland property is part of South Richland’s commercial corridor. In Clarkston, the store is adjacent to Costco Wholesale and Walmart Supercenter and serves the Lewiston-Clarkston bi-state market. Both locations have NNN lease structures; the portfolio’s blended cap rate is approximately 7%.
The Richland property is part of South Richland’s commercial corridor. In Clarkston, the store is adjacent to Costco Wholesale and Walmart Supercenter and serves the Lewiston-Clarkston bi-state market. Both locations have NNN lease structures; the portfolio’s blended cap rate is approximately 7%.
Key Highlights
- Two Walgreens locations in Richland and Clarkston, Washington
- NNN lease structures at both properties; approximately 7% blended cap rate
- Richland property at Gage Boulevard and Leslie Road, across from a medical center
Property Analytics
Who owns this building?
See the owner, sales and loan history
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - Two Washington pharmacy properties combine NNN leases with complementary positions in established commercial corridors.
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 $10,016,000.
What are key features of this property?
This property features: Two Walgreens locations in Richland and Clarkston, Washington; NNN lease structures at both properties; approximately 7% blended cap rate; Richland property at Gage Boulevard and Leslie Road, across from a medical center
