Pullman Multi-Tenant NNN Investment Property

Strategically positioned along the highly trafficked Moscow-Pullman Highway, this property benefits from exceptional visibility and convenient access to both Pullman, WA and Moscow, ID—home to Washington State University and the University of Idaho. With over 40,000 students between the two college towns, the area supports a strong and growing demand for retail and cannabis-related businesses. Located just minutes from the Moscow-Pullman Regional Airport, the site is surrounded by a mix of local retailers, agriculture-based businesses, and established cannabis operators. Its proximity to two state borders offers unique access to cross-market traffic, while the rural commercial setting provides a rare opportunity for cannabis-related use in a well-regulated and business-friendly zone.This is a rare opportunity to acquire a fully leased, cannabis-zoned NNN investment along the highly visible Moscow-Pullman Highway—one of the only commercially zoned corridors between two major universities: Washington State University and the University of Idaho. Cannabis-zoned properties in this region are extremely limited, and this 3.13-acre site comes with two stabilized tenants: a dispensary on a new 5-year lease with 5% annual increases, and a grow operation paying consistent rent. Both tenants have been in place since 2016. With minimal landlord responsibilities, built-in rent growth, and a cap rate approaching 9%, this is a hard-to-find asset in a tightly regulated industry and a location that benefits from strong student, local, and commuter traffic.