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Listed by Joel Pearl • Pearl Realty, LLC
$ 5,000,000
Est. payment /mo
New
425 Bridge St Clarkson, WA 99403
14,550 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,550 sqft
Price per Sqft $343
MLS Listing ID 202626362
Year Built 2015
Lot Size 1.270 Acres
Lot Dimensions 1.27
Property Sub-Type Commercial
Property Description
Rare opportunity to acquire a true absolute NNN Walgreens at the gateway to a bustling regional commercial corridor, adjacent to the region's only Costco, with the next closest nearly 90 miles away. This highly active, irreplaceable location serves a regional trade area of nearly 160,000 residents. Offering $375,000 in annual net income at a compelling 7.5% cap rate, approximately 8.4 years of firm lease term remaining, and zero landlord responsibilities. Built in 2015, the 14,550 SF freestanding building sits on a highly visible, signalized hard corner serving the broader Lewiston-Clarkston bi-state market. Strategically positioned along Bridge Street (US Route 12), the property benefits from exceptional traffic counts and regional draw--including consumers traveling from a 1.5-hour radius to the area's only Costco.
Location
State WA
County Asotin
Rooms
Basement None
Interior
Heating Forced Air
Exterior
View Y/N true
Roof Type Flat
Building
Lot Description Level, Corner Lot
Structure Type Brick
Schools
School District East Valley
Others
Acceptable Financing Conventional, Cash, Exchange
Listing Terms Conventional, Cash, Exchange