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980 Main St Colville, WA 99114

Sponsored
For Sale
$4,659,000

Colville, WA Grocery Store - 8+ Years Remaining

Description

Added:
Dec 11, 2024
Days on Market:
393
This fee-simple retail property in Colville, WA, offers a compelling investment opportunity. The 2.27-acre site houses a Grocery Outlet, a well-established, high-growth retailer, under a 15-year lease (expiring March 1, 2033) with 8.3 years remaining. The lease includes 10.4% rental increases every five years, ensuring consistent NOI growth and inflation protection. The property boasts 91 parking spaces and benefits from excellent visibility and access on S. Main Street, a major retail thoroughfare with 12,500 vehicles per day. The strong tenant, Grocery Outlet, Inc., is part of a network of over 480 stores, 74 of which are in Washington. The property's location provides access to a substantial consumer base, including residents of numerous single-family homes and the Spokane Community College Colville Campus. Seasonal tourism related to the nearby Colville National Forest further enhances the property's appeal. The 5-mile trade area has over 8,400 residents and 5,500 employees, with an average household income of $82,115. The property features a C-3 (General Commercial) zoning designation and was built in 2017. The asking price is $4,659,000, representing a 6.50% cap rate with a current NOI of $302,854. The property includes an additional 4,174 square feet of vacant space. APN: 0118800, 0119326, 0119325. This is a corporate-guaranteed investment with significant upside potential.

Property Features for 980 Main St

General Information

Property type
Individual retail properties
Lot Size
98,881 SF

Building Details

Year Built
2017

HighLights

  • Fee‑simple retail property in Colville, WA, with 8+ years remaining on a 15‑year lease (expiring March 1, 2033), including 10.4% rental increases every five years and corporate guarantee.
  • Grocery Outlet anchored, high‑visibility location on S. Main Street (12,500 VPD), with ample parking (91 spaces).
  • Strong demographics: 5‑mile trade area with over 8,400 residents, 5,500 employees, and $82,115 average household income; proximity to Colville National Forest.
Property Profile Location Intelligence

Current Use by Public Records

Grocery Outlet Grocery Store

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Colville
County
Stevens
State
Washington
Longitude
-117.9063846
Latitude
48.5356493

FAQs

What type of property is this?
Individual retail property - Colville, WA Grocery Store - 8+ Years Remaining
Where is this individual retail property located?
The property is located at 980 Main St Colville, WA.
What is the asking price?
The asking price for this property is $4,659,000.
What are key features of this property?
This property features: Fee-simple retail property in Colville, WA, with 8+ years remaining on a 15-year lease (expiring March 1, 2033), including 10.4% rental increases every five years and corporate guarantee.; Grocery Outlet anchored, high-visibility location on S. Main Street (12,500 VPD), with ample parking (91 spaces).; Strong demographics: 5-mile trade area with over 8,400 residents, 5,500 employees, and $82,115 average household income; proximity to Colville National Forest.
More about this property
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