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Columbia Summit Center 731 N Columbia Center Blvd 88,823 SF 90% Leased Retail Building Kennewick, WA 99336 $15,750,000 ($177.32/SF) 6.36% Cap Rate

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EXECUTIVE SUMMARY

Columbia Summit Center offers investors a rare opportunity to acquire a 100% leased neighborhood shopping center in the primary retail corridor of the Tri Cities. The center is anchored by Planet Fitness and boasts a mixture of national and strong local long term tenant, approximately 76% of which have occupied space in the property for ten years or more. The offering features a stable and diversified tenant roster in a property that has seen capital improvements including new roof, parking lot seal coating, exterior paint and new LED exterior lighting.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
88,823 SF
Building Class
C
Year Built
1990
Price
$15,750,000
Price Per SF
$177.32
Cap Rate
6.36%
NOI
$1,001,700
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
4.80 AC
Zoning
CR
Parking
150 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
604’ on N Columbia Center Blvd

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Color Tile
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Arts, Entertainment, and Recreation
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Get Air Indoor Trampoline Parks manages some of the nation's biggest and best trampoline parks. Their trampoline parks feature wall-to-wall trampolines, dodgeball courts, basketball dunk lanes, and obstacle courses! In the past five years Get Air has grown into a recognizable national brand. They developed the trampoline park business from the ground up. And as a result, they naturally connect with business trends and customer needs. Get Air is a nationally recognized brand with a specialized team of operators, accountants, engineers, and other professionals driving the vision forward.

  • Educational Services
  • -
  • -
  • -
  • Jan 0000

Ever since its establishment, Kumon has consistently aimed to help students not only develop a high level of academic ability but also to become people who are capable of learning on their own. Kumon Instructors have a strong belief in the potential of each and every student they encounter. Kumon maximizes students’ ability by discovering the “just-right” level of study for each student and provides students with optimum learning materials. The Kumon Method, which was originally developed by a father for his son, is now available in countries and regions around the world. They at Kumon share a dream, a dream of world peace brought about by education. They will move toward the realization of that dream by helping people to better themselves through individualized education.

  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Mattress Depot USA is a local family owned and operated mattress retailer based in Washington State, founded by David and Torey Smith. Back in 2002 while shopping around for a new mattress, they became frustrated with the “bait and switch” sales tactics, high prices, and poor customer service provided by the larger national chains in the area. Utilizing their business backgrounds and believing that customers deserve a better mattress buying experience; and so, they sought out to establish the Mattress Depot USA store concept.

  • Mid Columbia Wine & Spirits
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

At Once Upon a Child, they know people want the best for a family: quality, value and kids' stuff that is safe. Once Upon A Child buys and sells gently used kids' clothing, shoes, toys and baby gear, so people can recycle children's items and get paid on the spot. Check out what they are looking to buy, visit the nearest location and turn those items into cash or trade them in for things people need now! They make it easy to buy and sell all seasons, all day, every day, with no appointment necessary. They also have tons of gently used kids' stuff from favorite brands at affordable prices!

  • Arts, Entertainment, and Recreation
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Planet Fitness was founded in 1992, in Dover, NH. In the beginning, it operated much like every other gym in its small hometown and catered to the same small percentage of the population in the U.S. who worked out and belonged to a health club. Today, Planet Fitness has become one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. With various locations across the country, the District of Columbia, Puerto Rico, Canada, Panama, Mexico and Australia, Planet Fitness has continued to spread its unique mission of enhancing people’s lives by providing an affordable, high-quality fitness experience in a welcoming, non-intimidating environment.

  • Summit Up To Hair
  • Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Sushiya
  • Accommodation and Food Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Tri Cities Tackle
  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Color Tile Retailer - $9.99 Lorem Ipsum Jan 0000
Arts, Entertainment, and Recreation - $9.99 Lorem Ipsum Jan 0000
Educational Services - - - Jan 0000
Retailer - $9.99 Lorem Ipsum Jan 0000
Mid Columbia Wine & Spirits Retailer - $9.99 Lorem Ipsum Jan 0000
Retailer - $9.99 Lorem Ipsum Jan 0000
Arts, Entertainment, and Recreation - $9.99 Lorem Ipsum Jan 0000
Summit Up To Hair Services - $9.99 Lorem Ipsum Jan 0000
Sushiya Accommodation and Food Services - $9.99 Lorem Ipsum Jan 0000
Tri Cities Tackle Retailer - - Lorem Ipsum Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 110
  • 8,631 SF
  • Retail
  • -
  • Now

Anchored by Planet Fitness, this attractive retail center is located along Kennewick's busy retail corridor, yet is adjacent to a large multifamily community, providing abundant local customers and foot traffic. • National tenants in the center: Planet Fitness, Honey Baked Ham, ColorTile, Mattress Depot, and Dutch Bros coffee • Property gets 44,000 cars daily on Columbia Center Blvd • Building and monument signage available • Nearby retailers include Target, Lowe's, Applebee's, Starbucks,and theColumbiaCenterMall

Space Size Space Use Position Available
110 8,631 SF Retail - Now

110

Size
8,631 SF
Space Use
Retail
Position
-
Available
Now

110

Size 8,631 SF
Space Use Retail
Position -
Available Now

Anchored by Planet Fitness, this attractive retail center is located along Kennewick's busy retail corridor, yet is adjacent to a large multifamily community, providing abundant local customers and foot traffic. • National tenants in the center: Planet Fitness, Honey Baked Ham, ColorTile, Mattress Depot, and Dutch Bros coffee • Property gets 44,000 cars daily on Columbia Center Blvd • Building and monument signage available • Nearby retailers include Target, Lowe's, Applebee's, Starbucks,and theColumbiaCenterMall

NEARBY MAJOR RETAILERS

Dutch Bros
Applebee's
Texas Roadhouse
Red Robin
Natural Grocers
Starbucks
RDO Equipment Co.
TacoTime
HomeStreet Bank
Columbia Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
131994000005000
Land Assessment
$3,697,790
Improvements Assessment
$7,401,090
Total Assessment
$11,098,880
  • Listing ID: 39146193

  • Date on Market: 1/20/2026

  • Last Updated:

  • Address: 731 N Columbia Center Blvd, Kennewick, WA 99336

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