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Big 5 Sporting Goods 101 Columbia Point Dr 93,004 SF Retail Building Richland, WA 99352 $3,000,000 ($32.26/SF) 6.92% Cap Rate
Investment Highlights
- NNN lease to Big 5 Corp. (NASDAQ: BGFV)
- Big 5 Sporting Goods has operated at this location since construction in 2003.
- Premier sporting goods location adjacent to the Columbia Point Golf Course, Richland Yacht Club, and Columbia River boat ramp.
- High-traffic shopping center with WinCo Foods and Dollar Tree in-line and Starbucks, Jack in the Box, and Applebee’s outparcels.
- Excellent visibility and access from George Washington Way and the SR 240/I82 full interchange with daily traffic counts of 42,000 vehicles.
- Strong Tri-Cities location. The population within a 5-mile radius of the Property has increased over 37% since 2010.
Executive Summary
The Offering is a NNN-leased Big 5 Sporting Goods (NASDAQ: BGFV), positioned within a high-traffic shopping center anchored by WinCo Foods and Dollar Tree, with Starbucks, Jack in the Box, and Applebee’s outparcels. Big 5 has operated at this site since its original construction in 2003, highlighting its long-term commitment to the location.
The Property benefits from excellent visibility and access via George Washington Way and the SR 240/I-82 full interchange, with combined daily traffic counts exceeding 42,000 vehicles. It is ideally situated adjacent to key recreational amenities including the Columbia Point Golf Course, Richland Yacht Club, and the Columbia River boat ramp, reinforcing its position as a premier sporting goods destination.
Located in the heart of Washington’s rapidly growing Tri-Cities region, the surrounding 5-mile radius population has grown over 37% since 2010. The area boasts strong household demographics, with over 51,000 households earning an average income of $111,000. Retail fundamentals remain robust, with submarket vacancy for comparable properties at just 0.7%, supporting long-term tenant stability and potential rent growth.
The Property benefits from excellent visibility and access via George Washington Way and the SR 240/I-82 full interchange, with combined daily traffic counts exceeding 42,000 vehicles. It is ideally situated adjacent to key recreational amenities including the Columbia Point Golf Course, Richland Yacht Club, and the Columbia River boat ramp, reinforcing its position as a premier sporting goods destination.
Located in the heart of Washington’s rapidly growing Tri-Cities region, the surrounding 5-mile radius population has grown over 37% since 2010. The area boasts strong household demographics, with over 51,000 households earning an average income of $111,000. Retail fundamentals remain robust, with submarket vacancy for comparable properties at just 0.7%, supporting long-term tenant stability and potential rent growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
93,004 SF
Building Class
B
Year Built/Renovated
1994/2001
Price
$3,000,000
Price Per SF
$32.26
Cap Rate
6.92%
NOI
$207,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
9.08 AC
Amenities
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $9,790,470 | |
| Land Assessment | $4,339,000 | Total Assessment | $14,129,470 |
Property Taxes
Parcel Numbers
Land Assessment
$4,339,000
Improvements Assessment
$9,790,470
Total Assessment
$14,129,470
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Big 5 Sporting Goods | 101 Columbia Point Dr