980 S Main St, Colville, WA 99114

This commercial real estate offering features a Grocery Outlet investment property in Colville, Washington. The property includes a corporate-guaranteed Grocery Outlet with a recently agreed-to 13-year lease extension, plus 3 (5-year) options to extend. The lease includes a 10.4% rental increase in year 8 of the extension and variable increases at the beginning of each option period. The offering also includes an additional 4,174 square feet of vacant space. Grocery Outlet is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold through a network of 480+ independently operated stores, 74 of which are located in Washington. The site benefits from visibility and access along S. Main Street, the primary retail thoroughfare serving the surrounding area, with a traffic volume of 12,500 vehicles per day. The location provides crossover retail exposure from nearby national retailers, including Walmart Supercenter, Safeway, Super 1 Foods, McDonald’s, and Taco Bell. The tenant has access to a direct consumer base comprised of single-family homes and the Spokane Community College Colville Campus. Colville experiences seasonal tourism due to its position as a gateway for travelers to the Colville National Forest. The 5-mile trade area is supported by a population of over 8,400 residents and 5,500 employees with an average household income of $82,115.