Active
81 Columbia Point Dr Unit: Winco Anchor Dollar Tree NNN
Richland WA, 99352
$6,375,000
$255.00 per sqft
Active
25,000 sqft
Commercial
Built in 2004
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.
279059
MLSⓇ ID
September 19, 2024
Listed
November 22, 2024
Updated
Map
81 Columbia Point Dr Unit: Winco Anchor Dollar Tree NNN
Richland WA, 99352
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.98 Acres
Other Property Details
Area Name
Benton
Taxes
$42,715
Tax Frequency
Annually
Days on Market
1
Garage
No
View
No
County
Benton
Municipality
42715
Pool
No
Zoning
COMMCL RETAIL
Courtesy of Derrick Stricker, StrickerCRE
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