980 S Main St Colville, WA 99114
Property profile & analytics
980 S Main St Colville, WA 99114
- Drive through restaurants
- 32,092 SF
- 1.16 lot acres
Property ID
US90-1867231
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
- Grocery Outlet / Grocery & Convenience Store / Food Market
Property Details for 980 S Main St
- Year built
- 1980
- Lot size
- 1.16 lot acres
- Property size
- 32,092 SF
- Property type
- Drive through restaurants
- APN
- 118800
- APU
- 118800
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $2,490,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Colville
- County
- Stevens
- State
- Washington
- Longitude
- -117.906
- Latitude
- 48.5358
- CBSA code
- 44060
- CBSA name
- SPOKANE-SPOKANE VALLEY, 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
$20,571
$103,273
$2,869,662
$2,972,935
-
$103,273
$2,869,662
$2,972,935
