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81 Columbia Point Dr 25,000 SF 80% Leased Retail Building Richland, WA 99352 $6,375,000 ($255/SF) 6.69% Cap Rate
EXECUTIVE SUMMARY
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-yearrenewal 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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
25,000 SF
Building Class
C
Year Built
2004
Price
$6,375,000
Price Per SF
$255
Cap Rate
6.69%
NOI
$426,488
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.98 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Dollar Tree
- Retailer
- -
- -
- Jan 2032
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Dollar Tree | Retailer | - | - | Jan 2032 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
This +/- 5,000 SF space is now for lease at $22.50/SF + NNN in the Winco shopping center complex off of Columbia Dr. The building is anchored by Winco, and supports other long term tenants like Dollar Tree, Big 5, Starbucks, AT&T, and more. Seeking a 5 year term.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 5,000 SF | Retail | In-Line | 30 Days |
1st Floor
| Size |
| 5,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 5,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
This +/- 5,000 SF space is now for lease at $22.50/SF + NNN in the Winco shopping center complex off of Columbia Dr. The building is anchored by Winco, and supports other long term tenants like Dollar Tree, Big 5, Starbucks, AT&T, and more. Seeking a 5 year term.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 113983BP2892009 | Improvements Assessment | $2,948,970 |
| Land Assessment | $1,567,850 | Total Assessment | $4,516,820 |
PROPERTY TAXES
Parcel Number
113983BP2892009
Land Assessment
$1,567,850
Improvements Assessment
$2,948,970
Total Assessment
$4,516,820
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
81 Columbia Point Dr
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