370 14th St, Clarkston, WA 99403 For Sale

Brand New Construction | Initial 10 Year Lease Term - Brand new construction using premium quality building materials. Offering features an initial 10-year lease term with two 5-year renewal options at fair market rate.

Attractive Return Fundamentals | Higher Yielding Asset - At an attractive 8.26% CAP Rate, this opportunity provides an investor with a long-term credit backed lease in a submarket lacking functional warehousing and distribution space. Lewiston industrial submarket has a vacancy rate of 0.8% as of the second quarter of 2025. The market has approximately 1.9 million SF of logistics inventory, 220,000 SF of flex inventory, and 3.2 million SF of specialized inventory. In Lewiston, industrial product has recorded a 5-year average annual rent growth is 4.4% and 10-year average annual rent growth is 5.1%.

Location Highlights | Income-Tax State - Washington is an income and sales tax-free state. As a result, Clarkston’s retail sector benefits tremendously from cross border shopping from Idaho. Additionally, Clarkston’s position on the Snake River and access to the Port of Lewiston enable the flow of goods and transportation services creating a unique inland seaport.

Critical Location | Last Mile Distribution Facility - The subject property operates as a last mile distribution facility for Frito-Lay and was chosen as part of an initiative to revamp and create greater efficiencies within their distribution network. The 8,000 SF building is part of Frito Lay’s recent initiative to invest in their real estate footprint with facilities that line key highway systems and serve grocers, convenience stores, and other food-related retailers spread throughout the surrounding area.