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Listed by Joel Pearl • Pearl Realty, LLC
$ 10,016,000
Est. payment | /mo
29,301 SqFt
$ 10,016,000
Est. payment | /mo
29,301 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 29,301 sqft
Price per Sqft $341
MLS Listing ID 202626403
Year Built 2015
Lot Size 2.680 Acres
Lot Dimensions 2.68
Property Sub-Type Commercial
Property Description
Rare opportunity to acquire a two-property Walgreens investment portfolio featuring a top-tier, high-performing pharmacy location in Richland and a dominant regional retail location in Clarkston, Washington. The Richland property is classified as a Tier 5 Walgreens store, demonstrating exceptional sales performance with the last reported annual front-of-store revenue reaching $5.05 million, excluding pharmacy sales. Together, these strategically positioned assets generate $701,040 in combined annual rental income at an attractive blended cap rate of approximately 7%, with approximately 9 years of firm lease term remaining at each location. Both properties feature landlord-friendly NNN lease structures, offering predictable income and long-term investment potential.
Location
State WA
County Asotin
Rooms
Basement None
Interior
Heating Forced Air
Exterior
View Y/N true
Roof Type Flat
Building
Lot Description Corner Lot
Structure Type Brick Veneer
Schools
School District Other
Others
Acceptable Financing Conventional, Cash, Exchange
Listing Terms Conventional, Cash, Exchange
Nearby Locations
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Justin Smith
REALTOR® Lic# WA - 2208296/ ID- SP59639