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2000B N Columbia Center Blvd

Kennewick, WA 99336
  • $1,650,000
  • STATUS: Active
  • ON SITE: 276 Days
  • MLS #: 268834
UPDATED: 49 min ago
$1,650,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,447
    SQFT
  • $371
    $/SQFT
Type:
Commercial
Built:
1967
County:
Area:

School Ratings & Info

Description

MLS# 268834 Regional Coffee Chain NNN Investment in Kennewick WA for sale. Great visibility and access on Columbia Center Blvd across from the Simon Regional Mall and On Ramps for HWY 240. 7.5 Years of Base Term left with coffee tenant. $112k NOI with annual bumps scheduled throughout remaining base term. There are two buildings on the property; one double drive thru building and a vacant 4500 SF office/retail building. NNN portion of the Property is a 5.52% CAP and the ProForma has the vacant building at $12/SF NNN or a 8.90% CAP. Blended together the NNN + Value Add is a 6.75% CAP deal. Great upside for Investor to collect coffee chain rent and Occupy or Lease up the frontage building. There are two other Locations also for sale. Call LA for more information. Do not disturb Tenant or Business.

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© 2024 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Buy Tri Cities | RE/MAX Horizon. Data last updated: 2024-02-24T23:40:25.313.
www.buytricities.com/homes/139862240
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2000B N Columbia Center Blvd Kennewick, WA 99336

  • Price: $1,650,000
  • Status: Active
  • On Site: 276 Days
  • Updated: 49 min ago
  • MLS #: 268834
0
Beds
0
Baths
0
½ Baths
0.29
Acres
4,447
SQFT
$371
$/SQFT
1967
Built
County:
Benton
Area:
Kennewick
Property Description
MLS# 268834 Regional Coffee Chain NNN Investment in Kennewick WA for sale. Great visibility and access on Columbia Center Blvd across from the Simon Regional Mall and On Ramps for HWY 240. 7.5 Years of Base Term left with coffee tenant. $112k NOI with annual bumps scheduled throughout remaining base term. There are two buildings on the property; one double drive thru building and a vacant 4500 SF office/retail building. NNN portion of the Property is a 5.52% CAP and the ProForma has the vacant building at $12/SF NNN or a 8.90% CAP. Blended together the NNN + Value Add is a 6.75% CAP deal. Great upside for Investor to collect coffee chain rent and Occupy or Lease up the frontage building. There are two other Locations also for sale. Call LA for more information. Do not disturb Tenant or Business.
Exterior Features

Built On Grade Yes Dock High No Parking 21 - 30 Spaces Rail Access No Truck Doors No

Interior Features

Clear Span No Cold Storage No Elevators No Sprinkler System No Sq Ft Finished 4447 Sq Ft Office 4148 Sq Ft Retail 299

Property Features

Annual Taxes 6296 Auction No Bank Owned No Business Name Blackrock/Wakeup Commercial Type Retail Ever Occupied Yes For Sale Or Rent For Sale Percent Leased 50 Proj Annual Expenses 0 Proj Annual Income 115000 Proj Annual Vacancy 2.5% Proj Cap Rate 6.75% Proj Net Operating Income $112000 Sale Includes Two Buildings Tax Year 2022 Tenants 1 Zoning Type See Remarks

Listing provided courtesy of StrickerCRE: 509-591-9949. © 2024 Multiple Listing Service of Pacific Regional Multiple Listing Service.


© 2024 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Buy Tri Cities | RE/MAX Horizon. Data last updated: 2024-02-24T23:40:25.313.
 
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