425 Bridge St
Prime Location | 7.5% CAP | Absolute NNN Long-Term Lease | 14,550 SqFt
Marketing description
Rare opportunity to acquire a true absolute NNN Walgreens—a 100% passive investment with zero landlord responsibilities. The property generates $375,000 in annual net income at a 7.5% cap rate, backed by a long-term lease with approximately 10 years of firm term remaining.
Located at 425 Bridge Street, Clarkston, WA, this 14,550 SF freestanding Walgreens sits on a highly visible, signalized hard corner serving the Lewiston, Idaho–Clarkston, Washington bi-state metropolitan area. The asset benefits from significant regional draw, including traffic from a 1.5-hour radius to the area’s only Costco, reinforcing its position as a dominant retail anchor.
The lease structure is absolute NNN, meaning the tenant is fully responsible for all expenses—including taxes, insurance, maintenance, roof, structure, and parking lot—delivering investors a hands-off ownership experience with no exposure to future capital expenditures.
Constructed in 2015, the modern facility features 53 parking spaces and is strategically positioned along Bridge Street (US Route 12) within a high-traffic retail corridor. The property is adjacent to Costco Wholesale and Walmart Supercenter, ensuring consistent traffic counts and long-term relevance.
Further enhancing investor appeal, the asset is located in Washington State, offering the benefit of no personal income tax, and is supported by strong regional connectivity via river, rail, and highway infrastructure. Asotin County continues to experience steady growth, solidifying the site’s long-term viability.
Top tier Walgreens, absolute NNN investment designed for investors seeking predictable income, minimal risk, and complete passivity.
Investment highlights
- Absolute NNN Lease Structure
- Fully leased under a long-term, absolute triple-net lease with approximately 10 years of firm term remaining. Tenant is responsible for all operating expenses, including taxes, insurance, maintenance, and capital items such as roof, structure, and parking lot, delivering truly passive ownership.
- Dominant Drugstore Asset
- 14,550 SF freestanding drugstore purpose-built for long-term retail use. Constructed in 2015, offering modern design and functionality well above legacy drugstore standards.
- Prime Signalized Hard Corner Location
- Highly visible site at the signalized intersection of Bridge Street (US Route 12), a major retail thoroughfare with strong daily traffic counts and easy access.
- Strong Retail Synergy
- Positioned adjacent to Costco Wholesale and Walmart Supercenter within a dense, high-traffic retail corridor that draws consistent consumer demand.
- Low-Maintenance, Long-Term Income
- Absolute NNN lease minimizes landlord obligations while providing stable, predictable cash flow for the foreseeable future.
- Ample Parking & Site Utility
- 53 on-site parking spaces support high-volume retail operations and enhance long-term tenant viability.
- Growing Regional Market
- Located in Asotin County, benefiting from regional growth and excellent connectivity via river, rail, and highway infrastructure.
- Institutional-Quality Investment
- A rare opportunity to acquire a newer-construction, mission-critical retail asset in a proven location. Not your average Walgreens.
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