Contacts

Derrick Stricker CCIM SIOR

StrickerCRE

Property Details

Property Type Retail - Strip
Property Size 25,000 SF
Units 2
Lot Size 1.98 Acre
Additional Rent Contact for pricing
Building Class B
Year Built 2004
Date Updated Dec 9, 2024

From George Washington Way turn right onto Columbia Point Dr. Property is on the right hand side.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.

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Getting around

48/100
Walk Score ®
35/100
Transit Score ®
53/100
Bike Score ®

Powered by Walk Score ®

City Richland, WA
Zip Code 99352
Market Tri Cities

Points of Interest

Pasco

8.66 miles

Coleman Oil

0.70 miles
Conoco

0.81 miles
76

0.83 miles
Fred Meyer

0.99 miles
Shell

1.74 miles
Circle K

1.99 miles
Chevron

2.06 miles
enel x

2.13 miles
Greenlots

2.17 miles
7-Eleven

2.31 miles

Chamna East

0.42 miles
Lewis and Clark Elementary School Parking Lot

0.82 miles
Chamna

0.84 miles
Chamna West

1.11 miles
Yakima Delta

1.30 miles
Tulip Lane Park & Ride

1.81 miles
Park and Ride

2.15 miles
Columbia Park West Marina

2.75 miles
Ben-Franklin Transit Park & Ride Lot

2.92 miles
Frisbee Golf Course

3.50 miles

Bento Teriaki Grill

0.04 miles
Jack in the Box

0.12 miles
Applebee's

0.15 miles
Anthony's at Columbia Point

0.68 miles
LuLu Craft Bar + Kitchen

0.72 miles
Graze

0.88 miles
El Agave

0.93 miles
Casa Mia

0.94 miles
Three Margaritas

0.97 miles
McDonald's

0.99 miles

WinCo Foods

0.04 miles
Fred Meyer

1.05 miles
450 Williams

1.79 miles
Asian Market and Lotus Snackbar

1.81 miles
Yoke's Fresh Market

1.88 miles
Leyte Oriental Store

2.04 miles
Walmart Supercenter

2.10 miles
Target

2.33 miles
Safeway

2.37 miles
Grocery Outlet

2.45 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.