WA > Richland
Richland, WA 99352,81 Columbia Point Dr
Richland, WA 99352,81 Columbia Point Dr
Richland, WA 99352,81 Columbia Point Dr
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Aurora Baker

Aurora Baker

Professional Realty Services International

+1(509) 578-8480
$6,375,000
Est. payment /mo
25,000 SqFt
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UPDATED:

Key Details

Property Type Commercial Sale

Listing Status Active

Purchase Type For Sale

Square Footage 25,000 sqft

Price per Sqft $255

MLS Listing ID 279059

HOA Y/N No

Year Built 2004

Annual Tax Amount $42,715

Lot Size 1.980 Acres

Acres 1.98

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.

Location

State WA

County Us

Interior

Inclusions Condo And Leases

Exterior

Parking Features 75+ Spaces

Others

Acceptable Financing Exclusive Right

Listing Terms Exclusive Right

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Listed by StrickerCRE

A FEW WORDS FROM PAST CLIENTS

My wife and I had a great experience in the home buying process with Aurora Shively and her team. The quality of our direct contact agent in the field Natalie Reed was very impressive. Kindness, honesty, thoroughness, courage, and tenacity are just a few adjectives I would use to define her performance. I would highly recommend using the Aurora realty services international group to assist anyone in the market of finding the right home for you. Especially if time to closing is your priority.

orionvrod

Aurora is incredibly down-to-earth and we thoroughly enjoyed working with her. She is prompt, professional and incredibly knowledgeable. She's on top of it!

saramfritz

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