980 S Main St, Colville, WA 99114

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.