867 N Columbia Center Blvd
Kennewick, WA 99336
At Home · Retail Property For Sale

The offering provides investors an opportunity to purchase a recently renovated At Home store with a new, 10-year lease. A former ShopKo store, the offering was back-filled by At Home within approximately one month after the ShopKo closure, showing the desirability and quality of the location. At Home is currently contributing approximately $4.2 million towards an interior and exterior store remodel as well as upgrades to the parking lot and utility systems. The property comes ready with a recent, clean Phase I Environmental Report. With tenant approval, there is potential for an out-parcel in the future. The NNN lease features minimal landlord responsibilities as well as scheduled 10% rental increases every five years. The asset is located along Columbia Center Boulevard, the primary retail corridor in the Tri-Cities. There are over 200 retailers within a 3-mile radius around the subject property including Target, Costco, TJ Maxx, Best Buy, Lowe’s, Hobby Lobby, Ross, Sportsman’s Warehouse, Dollar Tree, and more. Columbia Center Mall, the largest regional mall within 150 miles, is in close proximity to the property and is anchored by Macy’s, JC Penny’s, and Dick’s Sporting Goods.