87 Columbia Point Dr - Department Store FOR SALE


Richland, WA 99352
$6,375,000 USD
509-591-9949
87 Columbia Point Dr, Richland, WA for Sale
$6,375,000 USD
Department Store - FOR SALE
1/11
null | 6.69% Cap Rate

87 Columbia Point Dr
Richland, WA 99352


OVERVIEW

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. Fully leased property. WinCo Grocery manages all of the Center's Common Area Maintenance. Call LA to discuss more and NDA for Full OM.

FOR SALE DETAILS

PRICE

$6,375,000 USD

PRICE/SF

$255 USD /SF

CAP RATE

6.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

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

-

APN/PARCEL ID

113983BP2892009

ASK ABOUT THIS PROPERTY

509-591-9949

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509-591-9949

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