81 Columbia Point Dr, Richland, WA 99352 (MLS # 279059)
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MLS #279059. 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. 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. Call LA to discuss more and NDA for Full OM.
| DAYS ON MARKET | 28 | LAST UPDATED | 9/19/2024 |
|---|---|---|---|
| YEAR BUILT | 2004 | COUNTY | Benton |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| LOT | 1.98 acre(s) |
|---|---|
| TAXES | 42715 |
| ZONING | COMMCL RETAIL |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Derrick Stricker with StrickerCRE
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Data last updated: 10/17/24 12:31 AM PDT
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