611 Columbia St
611 Columbia St, Pasco, WA 99301 · Franklin County
$2,450,000
$2,900,000
484 cumulative days on market
Price / SF
$302
Of gross building area
Building
8,100 SF
Land
0.55 acres
Listing courtesy of NAI Tri-Cities Commercial
About this property
MLS# 284669 Cash flows $178,640 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 and 7 years remaining on original term. 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.
Location
MLS #284669Updated Listing information is provided courtesy of Pacific Regional MLS. Information is deemed reliable but not guaranteed and should be independently verified.