81 Columbia Point Dr
Richland WA 99352
81 Columbia Point Drive
81 Columbia Point Dr Richland WA 99352
Listing #: 687098 | Status: Available | Last Modified: 10/30/2024 |
For Sale
- Phone:(509) 430-8533
- Email:derrick@strickercre.com
- Office Name:StrickerCRE
- Office Phone:(509) 591-9949
- Office Website:
- Agent Phone:(509) 792-0428
- Agent Email:jazmine@strickercre.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 6,375,000.0
- $/SF$ 250.0
- Listing StatusAvailable
- Days on Market58
- Asset ClassRetail
- Terms
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF25500
- Net Rentable Area0
- Total Office SF
- Largest Contiguous SF
- Lot SF86249
- Acres1.98
- Property TypeRetail
- Office Type
- Building Class
- CountyBenton
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaBenton County
- Tax ID #113983BP2892009
- Additional Parcels113983012704001
- ZoningC2
- Year Built2004
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeWood
81 Columbia Point Dr
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. C