81 Columbia Point Dr, Richland, WA 99352

Property Description

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.