WA
Benton
Richland
99352
81 Columbia Point Dr
81 Columbia Point Dr, Richland, WA 99352
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Listing Type
Commercial/Industrial
Listing Status
active
11
$6,375,000

Home Details for 81 Columbia Point Dr

Price
$6,375,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
0.0
Square feet
25000
Year built
2004
Lot size acres
1.98
County
Benton
Garage
Days on site
420
MLS Listing#
279059
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.

Property Features
    Listing Courtesy: StrickerCRE - 509-591-9949
    Listings courtesy of PACMLS/Tri City AOR. IDX information is provided exclusively for consumers’ personal, non- commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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    EXIT REALTY TRI-CITIES LIFE
    8656 W Gage Blvd, Suite 205, Kennewick, WA 99336
    Office
    509 551 4770
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