81 Columbia Point Dr
81 Columbia Point Dr, Richland, WA 99352
$6,375,000
Listing courtesy of StrickerCRE
0
Beds
0
Baths
0
Sq Ft
1.98
Acres
About this home
MLS #279059. 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. 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.
Features
Details
- Property type
- House
- Year built
- 2004
- Lot size
- 1.98 acres
- Status
- Active
- Days on market
- 643
- Listed
- September 19, 2024
Location
Richland, WA
Listing courtesy of StrickerCRE
MLS #279059 · Updated June 24, 2026
Listing information is provided courtesy of Pacific Regional MLS. Information is deemed reliable but not guaranteed and should be independently verified.