611 W Columbia St, Pasco, WA 99301 (MLS # 284669)
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MLS# 284669 Cash flows $173,438 annually, with 3% annual increases. See associated docs Property is Occupied by Candy Mountain Academy, a program funded by ESD 123, this property serves as a supportive learning environment for students in kindergarten through 12th grade. The Academy offers an alternative educational setting focused on early learning subjects and fostering connections within the early learning community.Over $700,000 in improvements have been made to support the program, including new windows, HVAC units, a roof, interior and exterior doors, LED lighting, a secured entry, a fire sprinkler system, and fresh interior and exterior paint. These upgrades make the facility a secure, attractive, and long-term investment opportunity.The tenant has signed a 10-year absolute triple net (NNN) lease with two 5-year renewal options. The lease includes 3% annual rent increases, offering investors a steadily compounding return.Don't miss out on this opportunity to secure a reliable income stream.Note: Listing agents are also owners of the property.
| DAYS ON MARKET | 34 | LAST UPDATED | 6/2/2025 |
|---|---|---|---|
| YEAR BUILT | 1960 | COUNTY | Franklin |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| LOT | 0.55 acre(s) |
|---|---|
| TAXES | 31602 |
| ZONING | COMMCL GENERAL |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Todd Sternfeld with NAI Tri-Cities Commercial
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Data last updated: 7/6/25 2:49 AM PDT
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