Retter and Co Sotheby's International Real Estate

81 Columbia Point Dr

Richland, WA 99352
$6,375,000
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81 Columbia Point Dr

Richland, WA 99352

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 i...

MLS #279059
TypeCommercial Sale
Year Built2004
Lot Size2.00 Acres
Days on Market550

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Details

Listing Overview

Listing Price
$6,375,000
MLS #
279059
Status
Active
Listed
September 19, 2024
Days on Market
550

Essential Info

Lot Size
2.00 Acres
Property Type
Commercial Sale
Built
2004

Features

Parking
75+ Spaces
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PACMLS - Pacific Regional Multiple Listing ServiceSource: PACMLS

Listing Courtesy of StrickerCRE

MLS# 279059 — Listing information is deemed reliable but not guaranteed. All measurements and square footage are approximate.

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