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Commercial For Sale

Columbia Point Dr, Richland, Washington 99352

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Property Description

MLS #279059. 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-year renewal 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.

Basic Details
Property Type:
Commercial
Listing Type:
For Sale
Listing ID:
279059
Price:
$6,375,000
Year Built:
2004
Lot Area:
1.98 Acre
Status:
Active
Days On Market:
341
Address Map
Country:
US
State:
WA
County:
Benton
City:
Richland
Zipcode:
99352
Street:
Columbia Point Dr
Postal Code:
99352
Floor Number:
0
Longitude:
W120° 44' 8.8''
Latitude:
N46° 15' 44.6''
MLS Addon
Asking Price:
6375000
Address Number:
81
Headline:
Winco Anchor Dollar Tree NNN
Listing Office 1:
1016
Original Price:
6375000
Photo Count:
11
Address:
81 Columbia Point Dr
Listing Type:
Exclusive Right
Annual Taxes:
42715
Tax Year:
2023
Commercial For Sale
Listing ID:
279059
Lot Area:
1.98 Acre
$6,375,000
Agent info
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