89 Columbia Point Dr Richland, WA 99352

This exceptional multi-tenant retail property, located at 89 Columbia Point Dr in Richland, WA 99352, presents a compelling investment opportunity. The 7,840 square foot building, constructed in 2005, sits on a 1.1-acre lot and boasts a 100% occupancy rate with four tenants: a Doctor Pharmacy, Ossine work boot retail store, Super Nails nail salon, and Bento Teriyaki grill. The property benefits from a strong demographic profile, with 49,038 households within a 5-mile radius, boasting an average income of $100,878. Recently updated with two new five-year NNN leases, this Class B building offers a 5.45% cap rate and a Net Operating Income (NOI) of $120,000, with an asking price of $2,200,000 ($280.61/sq ft). Its prime location provides easy access to Interstate 84 and Highway 240, surrounded by other retail establishments and the Columbia Point Golf Course. The property's strategic positioning within a thriving retail corridor, coupled with its strong tenant mix and impressive financial performance, makes it an ideal addition to any investment portfolio. This is a grocery-anchored center with a proven track record of success. The single-story building is well-maintained and offers ample parking. This is a rare opportunity to acquire a high-performing retail property in a desirable location.