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
Derrick Stricker, CCIM, SIOR
  • Phone:(509) 430-8533
  • Email:derrick@strickercre.com
  • Office Name:StrickerCRE
  • Office Phone:(509) 591-9949
  • Office Website:
Jazmine Murillo
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 6,375,000.0
  • $/SF$ 250.0
  • Listing StatusAvailable
  • Days on Market58
  • Asset ClassRetail
  • Terms
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Building Information
  • 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 Type
  • Property TypeRetail
  • Office Type
  • Building Class
Location
  • CountyBenton
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaBenton County
  • Tax ID #113983BP2892009
  • Additional Parcels113983012704001
  • ZoningC2
Construction
  • Year Built2004
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeWood

81 Columbia Point Dr

Public Comments

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

Listing Images