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900 S College Ave 792 SF Retail Building College Place, WA 99324 $1,428,535 CAD ($1,803.71 CAD/SF) 5% Cap Rate
Investment Highlights
- Stucco and masonry exterior
- Main Thoroughfare in College Place / Foot Traffic/Near College
- Near University
- Metal roof
- Near Retail and Residential
Executive Summary
Buyer to verify all information including, square footage, taxes, insurance. Sale is subject to existing 10-year lease with a 10-year option. 6 years remain on first lease. Existing 10-year lease has a 3% per year built-in inflation clause.
Building is approximately 3-years old and designed to require very little maintenance which is the responsibility of the tenant. Steel/concrete outside deck requires little or no maintenance. The lease is a modified NNN lease. Landlord pays property taxes and insurance. Tenant responsible for all utilities, maintenance and their portion of insurance.
Building is approximately 3-years old and designed to require very little maintenance which is the responsibility of the tenant. Steel/concrete outside deck requires little or no maintenance. The lease is a modified NNN lease. Landlord pays property taxes and insurance. Tenant responsible for all utilities, maintenance and their portion of insurance.
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
792 SF
Building Class
B
Year Built
2022
Price
$1,428,535 CAD
Price Per SF
$1,803.71 CAD
Cap Rate
5%
NOI
$71,361 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
5 Spaces (6.31 Spaces per 1,000 SF Leased)
Frontage
100’ on College Avenue
Amenities
- Bus Line
- Corner Lot
- Fenced Lot
- Tenant Controlled HVAC
- Drive Thru
- Accent Lighting
- Air Conditioning
- Balcony
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 350735602521 | Total Assessment | $464,130 CAD (2025) |
| Land Assessment | $105,540 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $358,590 CAD (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
350735602521
Land Assessment
$105,540 CAD (2025)
Improvements Assessment
$358,590 CAD (2025)
Total Assessment
$464,130 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026 Payable 2026
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900 S College Ave
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