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Special Use For Sale

Columbia St, Pasco, Washington 99301

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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.

Basic Details
Property Type : Special Use
Listing Type : For Sale
Listing ID : 284669
Price : $2,900,000
Year Built : 1960
Lot Area : 0.55 Acre
Status : Active
Days On Market : 42
Address Map
Country : US
State : WA
County : Franklin
City : Pasco
Zipcode : 99301
Street : Columbia St
Postal Code : 99301
Floor Number : 0
Longitude : W120° 54' 20.5''
Latitude : N46° 13' 45.1''
MLS Addon
Asking Price : 2900000
Address Number : 611
Headline : Prime Investment Opportunity
Listing Office 1 : 738
Original Price : 2900000
Photo Count : 30
Address : 611 W Columbia St
Listing Type : Exclusive Right
Annual Taxes : 31602
Tax Year : 2024
Special Use For Sale
  • Listing ID : 284669
  • Lot Area : 0.55 Acre
$2,900,000
Agent info
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