81 Columbia Point Dr - Storefront FOR SALE


Richland, WA 99352
$6,825,000 USD
509-570-7447
81 Columbia Point Dr, Richland, WA for Sale
$6,825,000 USD
Storefront - FOR SALE
1/5
null | 6.25% Cap Rate

81 Columbia Point Dr
Richland, WA 99352


OVERVIEW

LONG-TERM NATIONAL CREDIT TENANT | Dollar Tree (NASDAQ: DLTR) has a BBB credit rating from S&P and a Baa2 rating from Moody's. The tenant has occupied the property since 2004 SCHEDULED RENT GROWTH | Dollar Tree has a scheduled 15% rental increase in February 2029. The Wash has 3% annual rental increases beginning November 2027 7.11% CAP RATE IN 2029 | The scheduled rental increases raise the cap rate to 7.11% in 2029 WINCO FOODS ANCHORED SHOPPING CENTER | The property is situated w/in a WinCo Foods anchored shopping center with strong visibility along George Washington Way and convenient access to I-182 and SR-240 DYNAMIC RETAIL TRADE AREA | The property is surrounded by national retailers including Starbucks, Valvoline, AT&T, and Applebee's HIGH-GROWTH METRO | Since 2000, the Tri-Cities has been the fastest growing metro area in Washington state

FOR SALE DETAILS

PRICE

$6,825,000 USD

PRICE/SF

$272 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree Anchored Strip Near WinCo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

C-2

APN/PARCEL ID

113983BP2892009

ASK ABOUT THIS PROPERTY

Maxwell McDonaldMarcus & MillichapMore Info
509-570-7447

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Maxwell McDonaldMarcus & MillichapMore Info
509-570-7447

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.