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Derrick Stricker, CCIM, SIOR
Direct: (509) 430-8533
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StrickerCRE
Main: (509) 591-9949
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Jazmine Murillo
Direct: (509) 792-0428
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StrickerCRE
Main: (509) 591-9949
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FOR SALE - Listing #: 687098
81 Columbia Point Drive
81 - 0 Columbia Point Dr , Richland WA99352
25,000 Available SF 25,000 SF
Agent Remarks
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 $3.75 and WinCo Grocery manages all of the Center's Common Area Maintenance.
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County
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Benton
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Market Area
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Benton County
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Tax ID #
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113983BP2892009
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Price
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$ 6,375,000
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Property Details
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Prop Type
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Retail
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# Floors
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1
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Bldg SF
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25,500
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Year Built
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2004
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Land SF
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86,249
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# Bldgs
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1
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Acres
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1.98
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# Parking Spaces
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0
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Office Class
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Informational Links
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