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

IDX information is provided exclusively for consumers; personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Veronica Ramos shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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