
Search Properties
Buy with EXIT
Sell with EXIT
Find an Agent/Office
About
Why EXIT
The Spirit of EXIT
Careers
Offices
Contact Us
611 W Columbia St, Pasco, WA 99301
Share Listing
Overview
Features
Commute
Transportation
Market Statistics
Neighborhood
Similar Homes
Similar Home Values
Contact
$2,900,000
Share Listing
Home Details for 611 W Columbia St
Price
$2,900,000
Type
Commercial/Industrial
Year Build
1960
Sq. Ft.
8100
Lot Size
0.55
County
Franklin
Tax
$4,326
MLS®️ Listing#
284669
On exitrealty.com
230 days
Property Description
MLS# 284669 Cash flows $173,438 annually, with 3% annual increases. See associated docs Property is Occupied by Candy Mountain Academy, a program funded by ESD 123, this property serves as a supportive learning environment for students in kindergarten through 12th grade. The Academy offers an alternative educational setting focused on early learning subjects and fostering connections within the early learning community.Over $700,000 in improvements have been made to support the program, including new windows, HVAC units, a roof, interior and exterior doors, LED lighting, a secured entry, a fire sprinkler system, and fresh interior and exterior paint. These upgrades make the facility a secure, attractive, and long-term investment opportunity.The tenant has signed a 10-year absolute triple net (NNN) lease with two 5-year renewal options. The lease includes 3% annual rent increases, offering investors a steadily compounding return.Don’t miss out on this opportunity to secure a reliable income stream.Note: Listing agents are also owners of the property.
Listing Courtesy: NAI Tri-Cities Commercial - 509-943-5200
Listings courtesy of PACMLS/Tri City AOR. IDX information is provided exclusively for consumers’ personal, non- commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
See average values in the proximity of this property
Median Listing Price
Median Days on EXIT Realty®
Median Square Feet
Market statistics compiled from data from Tri-City Association of Realtors.
See several nearby properties
EXIT REALTY TRI-CITIES LIFE
8656 W Gage Blvd, Suite 205, Kennewick, WA 99336
See properties nearby this listing
Compare the values of homes nearby
$2,900,000
Share Listing
EXIT REALTY TRI-CITIES LIFE
8656 W Gage Blvd, Suite 205, Kennewick, WA 99336