425 Bridge St Clarkston, WA 99403
Property Lookup
Property profile & analytics
425 Bridge St Clarkston, WA 99403
- Retail space
- 14,550 SF
- 1.27 lot acres
Property ID
US90-3290496
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- FedEx OnSite / Postal Service / Courier Service
- Walgreens / Pharmacy
Property Details for 425 Bridge St
- Year built
- 2015
- Lot size
- 1.27 lot acres
- Property size
- 14,550 SF
- Property type
- Retail space
- APN
- 1-001-38-033-0000
- APU
- 1001380330000
Description
This exceptional investment opportunity presents a fee-simple, 14,550-square-foot Walgreens located at 425 Bridge St, Clarkston, WA 99403. The property boasts a strong 5.75% cap rate and a substantial net operating income (NOI) of $375,000. Built in 2015, this single-tenant building sits on a 1.27-acre lot zoned R2 and enjoys 100% occupancy under an absolute NNN lease with Walgreens, a credit-rated tenant. The lease, expiring February 27, 2090, provides exceptional long-term stability with a remaining term of 65.3 years. The tenant is responsible for all operating expenses, including taxes, insurance, maintenance, repairs, and replacements to the roof, structure, and parking lot. This prime retail location is situated on a hard corner of Bridge Street (US Route 12), a major thoroughfare, benefiting from high visibility and traffic. The property enjoys a strategic position in a strong retail corridor, shadow-anchored by prominent retailers such as Costco Wholesale and Walmart Supercenter. The asking price is $6,522,000, translating to a price per square foot of $448.25. While the current lease is absolute NNN, there is potential for additional rent based on gross sales exceeding a certain threshold. This presents a compelling investment opportunity with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,095,000
- ML approach
- $6,115,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Clarkston
- County
- Asotin
- State
- Washington
- Longitude
- -117.043
- Latitude
- 46.4198
- CBSA code
- 30300
- CBSA name
- LEWISTON, ID-WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,502
$553,200
$1,567,100
$2,120,300
-
$553,200
$1,567,100
$2,120,300
