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87 Columbia Point Dr 25,000 SF 100% Leased Retail Building Richland, WA 99352 $8,784,622 CAD ($351.38 CAD/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-year renewal options that could extend their tenancy until 2042. Fully leased property. 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
Retail
Property Subtype
Building Size
25,000 SF
Building Class
C
Year Built
2004
Price
$8,784,622 CAD
Price Per SF
$351.38 CAD
Cap Rate
6.69%
NOI
$587,691 CAD
Percent Leased
100%
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 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 113983BP2892009 | Improvements Assessment | $4,112,660 CAD |
| Land Assessment | $1,772,928 CAD | Total Assessment | $5,885,588 CAD |
Property Taxes
Parcel Number
113983BP2892009
Land Assessment
$1,772,928 CAD
Improvements Assessment
$4,112,660 CAD
Total Assessment
$5,885,588 CAD
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87 Columbia Point Dr
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