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81 Columbia Point Dr

Richland, WA 99352
  • $6,375,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 279059
UPDATED: 40 min ago
$6,375,000
  • 0
    BEDS
  • 1.98
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 25,000
    SQFT
  • $255
    $/SQFT
Type:
Commercial
Built:
2004
County:
Area:

School Ratings & Info

Description

MLS #279059. This Grocery-Anchored Dollar Tree NNN Investment offers a premier opportunity for investors seeking stable, long-term cash flow with minimal management responsibilities. Priced at $6,375,000, this 25k SF property provides an attractive 6.69% CAP rate and generates a net operating income (NOI) of $426,016 annually. The anchor tenant, Dollar Tree, occupies 19,966 SF and is a well-established, national credit tenant. Dollar Tree recently extended its lease for 8 additional years, through January 2032, with two 5-year renewal options that could extend their tenancy until 2042. There is a vacant 5k SF suite adjacent to Dollar Tree that is a former Mattress Suite and is listed for lease for $22.50/SF. NNN estimates are $3.75 and WinCo Grocery manages all of the Center's Common Area Maintenance. Call LA to discuss more and NDA for Full OM.

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© 2024 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Premier Solutions Realty | Kelly Right Real Estate of the Tri-Cities. Data last updated: 2024-11-03T09:39:42.267.
www.premiersolutionsrealty.com/homes/155468304
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81 Columbia Point Dr Richland, WA 99352

  • Price: $6,375,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 40 min ago
  • MLS #: 279059
0
Beds
0
Baths
0
½ Baths
1.98
Acres
25,000
SQFT
$255
$/SQFT
2004
Built
County:
Benton
Area:
Richland
Property Description
MLS #279059. This Grocery-Anchored Dollar Tree NNN Investment offers a premier opportunity for investors seeking stable, long-term cash flow with minimal management responsibilities. Priced at $6,375,000, this 25k SF property provides an attractive 6.69% CAP rate and generates a net operating income (NOI) of $426,016 annually. The anchor tenant, Dollar Tree, occupies 19,966 SF and is a well-established, national credit tenant. Dollar Tree recently extended its lease for 8 additional years, through January 2032, with two 5-year renewal options that could extend their tenancy until 2042. There is a vacant 5k SF suite adjacent to Dollar Tree that is a former Mattress Suite and is listed for lease for $22.50/SF. NNN estimates are $3.75 and WinCo Grocery manages all of the Center's Common Area Maintenance. Call LA to discuss more and NDA for Full OM.
Exterior Features

Built On Grade Yes Dock High No Parking 75+ Spaces Rail Access No Truck Doors No

Interior Features

Cold Storage No Elevators No Sprinkler System Yes Sq Ft Retail 25000

Property Features

Annual Taxes 42715 Auction No Bank Owned No Business Name Mattress Firm Commercial Type Retail Ever Occupied Yes For Sale Or Rent For Sale Sale Includes Condo and Leases Tax Year 2023 Zoning Type COMMCL RETAIL

Listing provided courtesy of StrickerCRE: 509-591-9949. © 2024 Multiple Listing Service of Pacific Regional Multiple Listing Service.


© 2024 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Premier Solutions Realty | Kelly Right Real Estate of the Tri-Cities. Data last updated: 2024-11-03T09:39:42.267.
 
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Premier Solutions Realty | Kelly Right Real Estate of the Tri-Cities
1321 Columbia Park Trail Suite D
Richland WA, 99352