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611 W Columbia St, Pasco, WA 99301

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Listing Type
Commercial/Industrial
Listing Status
active
30
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Transportation
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$2,900,000

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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.
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Market statistics compiled from data from Tri-City Association of Realtors.
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EXIT REALTY TRI-CITIES LIFE
8656 W Gage Blvd, Suite 205, Kennewick, WA 99336
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$2,900,000

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EXIT REALTY TRI-CITIES LIFE
8656 W Gage Blvd, Suite 205, Kennewick, WA 99336
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