901 19Th Ave Oroville, WA 98844
- Retail properties
- 12,480 SF
- 1.46 lot acres
Current Use by Public Records
- Retail properties
Property Details for 901 19Th Ave
- Year built
- 2024
- Lot size
- 1.46 lot acres
- Property size
- 12,480 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market situated on a 1.46-acre lot in Oroville, Washington. Built in 2024, this single-story building boasts a 15-year net lease (NNN) with a corporate guarantee from Dollar General, a credit-rated tenant with an investment-grade rating. The lease commenced October 1, 2024, and expires October 31, 2039, with five, five-year renewal options, each including a 5% rent increase. The property generates a substantial net operating income (NOI) of $217,212, resulting in a compelling 6.50% cap rate. Priced at $3,341,723 ($267.77 per square foot), this offering presents a secure, long-term investment in a thriving market. Located on Highway 97, the property benefits from high visibility and accessibility. Oroville's robust population growth (7%+ within a 5-mile radius since 2020) and the absence of competing Dollar Generals within a 132-mile radius further enhance its investment appeal. The area's natural beauty, golf courses, and numerous resorts contribute to a strong local economy. This is a rare opportunity to acquire a high-performing, low-risk retail asset with significant long-term growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oroville
- County
- Okanogan
- State
- Washington
- Longitude
- -119.434
- Latitude
- 48.9433
