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Retail For Sale

Columbia Point Dr, Richland, Washington 99352

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Property Description

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.

Basic Details
Property Type : Retail
Listing Type : For Sale
Listing ID : 279059
Price : $6,375,000
Year Built : 2004
Lot Area : 1.98 Acre
Status : Active
Days On Market : 1
Address Map
Country : US
State : WA
County : Benton
City : Richland
Zipcode : 99352
Street : Columbia Point Dr
Postal Code : 99352
Floor Number : 0
Longitude : W120° 44' 8.8''
Latitude : N46° 15' 44.6''
MLS Addon
Asking Price : 6375000
Address Number : 81
Headline : Winco Anchor Dollar Tree NNN
Listing Office 1 : 1016
Original Price : 6375000
Photo Count : 11
Address : 81 Columbia Point Dr
Listing Type : Exclusive Right
Annual Taxes : 42715
Tax Year : 2023
Retail For Sale
  • Listing ID : 279059
  • Lot Area : 1.98 Acre
$6,375,000
Agent info
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