Northmarq is pleased to present the opportunity to acquire a freestanding Ulta Beauty located at 1232 N Columbia Center Blvd in Kennewick, Washington. The Property was renovated for Ulta Beauty in 2022 as part of a new 10-year lease and currently has approximately six years of remaining term and four, five-year renewal options. The lease includes continued 10% escalations throughout the option periods, providing investors with a passive and steadily growing income stream. This location is the #1 Ulta in Washington State and ranks within the top 3% of all Ulta stores nationwide by visits according to Placer.ai. The store generates approximately $12.1 million in estimated annual sales, drawing more than 473,000 annual visits annually. Positioned along N Columbia Center Blvd (±28,000 VPD) as a pad site to Columbia Square Mall, the Property benefits from dominant regional retail traffic, strong surrounding demographics, and limited competing retail supply within the Tri-Cities market.