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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
Bedrooms:
0
Bathrooms:
11
Year Built:
1960
Lot Area:
0.55 Acre
Status:
Active
Days On Market:
75
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:
4326
Tax Year:
2025
Special Use For Sale
Listing ID:
284669
Bedrooms:
0
Bathrooms:
11
Lot Area:
0.55 Acre
$2,900,000
Agent info
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