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81 Columbia Point Drive

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81 Columbia Point Drive

81 Columbia Point Dr, Richland, WA 99352
Retail For Sale Available Built 2004 1 floors Zoning: C2
Asking Price
$6,375,000
Total Building25,500 SF
Available25,000 SF avail
Land86,249 SF land
ConstructionWood
MarketBenton County
CountyBenton

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Overview

Property ID
292621
Listing ID
687098
Type
Retail
Asset Class
Retail
Zoning
C2

Description

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-yearrenewal 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. C

Listing Courtesy of:

DS
Derrick Stricker, CCIM, SIOR
StrickerCRE
8620 W Gage Blvd, Suite A,
Kennewick, WA 99336
State: WA City: Richland ZIP: 99352 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.