For Sale
$3,341,723

901 19Th Ave Oroville, WA 98844

High-yield NNN retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market situated on a 1.46-acre lot in Oroville, Washington. Built in 2024, this single-story building boasts a 15-year net lease (NNN) with a corporate guarantee from Dollar General, a credit-rated tenant with an investment-grade rating. The lease commenced October 1, 2024, and expires October 31, 2039, with five, five-year renewal options, each including a 5% rent increase. The property generates a substantial net operating income (NOI) of $217,212, resulting in a compelling 6.50% cap rate. Priced at $3,341,723 ($267.77 per square foot), this offering presents a secure, long-term investment in a thriving market. Located on Highway 97, the property benefits from high visibility and accessibility. Oroville's robust population growth (7%+ within a 5-mile radius since 2020) and the absence of competing Dollar Generals within a 132-mile radius further enhance its investment appeal. The area's natural beauty, golf courses, and numerous resorts contribute to a strong local economy. This is a rare opportunity to acquire a high-performing, low-risk retail asset with significant long-term growth potential.

Highlights

  • 2024-built Dollar General Market in Oroville, WA, an income-tax-free state.
  • Larger-format Dollar General store indicating strong market commitment.
  • 15-year NNN lease with five, five-year renewal options, each with a 5% rent increase.
  • Investment-grade credit tenant (Dollar General, S&P rating BBB).
  • Dollar General's significant market presence (approx. 19,000 locations) and expansion strategy.
  • No competing Dollar Generals within a 132-mile radius.

Property Details for 901 19Th Ave

Property type
Retail properties, Retail space
Square Feet
12,480 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
63,598 SF
Units
1

Location Insight

City
Oroville
County
Okanogan
State
Washington
Latitude
48.9433363
Longitude
-119.4338894

FAQs

What type of property is this?
Retail property - High-yield NNN retail investment.
Where is the retail property located?
The property is located at 901 19Th Ave Oroville, WA.
What is the asking price?
The asking price for this property is $3,341,723.
What are key features of this property?
This property features: 2024-built Dollar General Market in Oroville, WA, an income-tax-free state.; Larger-format Dollar General store indicating strong market commitment.; 15-year NNN lease with five, five-year renewal options, each with a 5% rent increase.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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901 19Th Ave
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