WA
Franklin
Pasco
99301
611 W Columbia St
611 W Columbia St, Pasco, WA 99301
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Listing Type
Commercial/Industrial
Listing Status
active
30
$2,900,000

Home Details for 611 W Columbia St

Price
$2,900,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
8100
Year built
1960
Lot size acres
0.55
County
Franklin
Garage
Days on site
111
MLS Listing#
284669
Property Description

MLS# 284669 Cash flows $173,438 annually, with 3% annual increases. See associated docs Property is Occupied by Candy Mountain Academy, a program funded by ESD 123, this property serves as a supportive learning environment for students in kindergarten through 12th grade. The Academy offers an alternative educational setting focused on early learning subjects and fostering connections within the early learning community.Over $700,000 in improvements have been made to support the program, including new windows, HVAC units, a roof, interior and exterior doors, LED lighting, a secured entry, a fire sprinkler system, and fresh interior and exterior paint. These upgrades make the facility a secure, attractive, and long-term investment opportunity.The tenant has signed a 10-year absolute triple net (NNN) lease with two 5-year renewal options. The lease includes 3% annual rent increases, offering investors a steadily compounding return.Don’t miss out on this opportunity to secure a reliable income stream.Note: Listing agents are also owners of the property.

Property Features
    Listing Courtesy: NAI Tri-Cities Commercial
    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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    Market statistics compiled from data from Tri-City Association of Realtors.
    EXIT REALTY TRI-CITIES LIFE
    8656 W Gage Blvd, Suite 205, Kennewick, WA 99336
    Office
    509 551 4770
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