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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
89,190 SF
Building Class
C
Year Built
1990
Price
$15,416,000
Price Per SF
$172.84
Cap Rate
6.50%
NOI
$1,001,700
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
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

Kumon North America, headquartered in Rutherford, New Jersey, is part of the world’s largest after-school learning program, serving millions of students globally. Founded in 1958, Kumon offers individualized math and reading programs designed to develop self-learning skills and academic excellence. With thousands of centers worldwide, Kumon empowers students to achieve their full potential through consistent practice and personalized instruction.

  • 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

Once Upon A Child began in 1984 as a children's resale concept founded by Dennis and Lynn Blum in Ohio, and it later became a brand of Winmark. The company buys and sells gently used kids' clothing, shoes, toys, books, and baby gear through individually owned and operated stores, giving families a way to turn outgrown items into cash while shopping for affordable replacements. Once Upon A Child's model centers on resale and reuse, with merchandise selected for style, safety, and condition and an emphasis on keeping usable items in circulation rather than sending them to landfills. The business has grown into a broad network of franchise locations across the United States and Canada.

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

Planet Fitness began in 1992 when Michael and Marc Grondahl bought a failing Gold's Gym in Dover, New Hampshire. The company created a welcoming environment for casual exercisers with its Judgement Free Zone concept. Planet Fitness grew rapidly through franchising, becoming one of the largest fitness chains globally. The business model focuses on affordability and accessibility with low membership fees. The company provides cardio and strength equipment, free fitness training, and various membership options. Planet Fitness operates thousands of locations worldwide.

  • 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
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

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

Property Taxes

Property Taxes

Parcel Number
131994000005000
Land Assessment
$4,158,760
Improvements Assessment
$7,457,370
Total Assessment
$11,616,130
  • Listing ID: 39146193

  • Date on Market: 1/20/2026

  • Last Updated:

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

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