About 611 W Columbia St
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.
Features of 611 W Columbia St
| MLS® # | 284669 |
|---|---|
| Price | $2,900,000 |
| Square Footage | 8,100 |
| Acres | 0.55 |
| Year Built | 1960 |
| Type | COMMERCIAL/INDUSTRIAL |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 611 W Columbia St |
|---|---|
| Area | Franklin |
| City | Pasco |
| State | WA |
| Zip Code | 99301 |
Amenities
| Parking Spaces | 11 |
|---|---|
| Parking | 11 - 20 Spaces |
Additional Information
| Days on Market | 135 |
|---|---|
| Zoning | COMMCL GENERAL |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | NAI Tri-Cities Commercial |
|---|