Address Map
USA
Washington
Benton
Richland
99352
Columbia Point Dr
81
W120° 44' 7.2''
N46° 15' 44.3''
Additional Information
Derrick Stricker, CCIM, SIOR
23888
1006479
25,000 Sqft
86,249 Sqft
81 Columbia Point Drive
Benton County
1
Wood
99336
WA
Kennewick
8486 Gage Blvd, Suite D
Property Description

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

For Sale

81 Columbia Point Dr, Richland, Washington 99352

  • Square Footage: 25,500 Sqft
$6,375,000
Listing ID#687098
QR Code
Basic Details
Property Type : Retail
Listing Type : For Sale
Listing ID : 687098
Price : $6,375,000
Square Footage : 25,500 Sqft
Year Built : 2004
Status : Active
Office Name : StrickerCRE
Property Sub Type : Retail
BROKER INFO
Rene Orona
BROKER OF REAL ESTATE
BROKER OF REAL ESTATE
3380 146th PL SE Suite 300
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