81 Columbia Point Dr - Retail FOR SALE


Richland, WA 99352
$6,375,000 USD
509-591-9949
81 Columbia Point Dr, Richland, WA for Sale
$6,375,000 USD
Retail - FOR SALE
1/11
null | 6.69% Cap Rate

81 Columbia Point Dr
Richland, WA 99352


OVERVIEW

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. Call LA to discuss more and NDA for Full OM.

FOR SALE DETAILS

PRICE

$6,375,000 USD

PRICE/SF

$255 USD /SF

CAP RATE

6.69%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

-

APN/PARCEL ID

113983BP2892009

ASK ABOUT THIS PROPERTY

509-591-9949

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509-591-9949

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