425 Bridge StClarkston, WA 99403

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.