Single-Tenant Mexican
255 Williams Blvd Richland, WA 99352
255 Williams Blvd, Richland, WA, 99352
$1,300,000
For Sale
$1,300,000
Single-tenant full-service restaurant offering 67 seats plus two exterior patios on a 0.83-acre site.
Property Size4,000 SF
Lot Size0.83 Acres
Price / SF$325
Days on Market64
Property Features for 255 Williams Blvd
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.83 Acres
Listing agency
WSIC Commercial
(509) 531-4711
Listed by
Greg Markel · License #12600
(509) 531-4711
Source
Exprealty
Added: May 20 Updated: Jul 22 at 5:40AM Checked: Jul 22 at 5:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WSIC Commercial
Investment Insights
Based on property information with market context.
The subject property is a new, single-tenant full-service Mexican restaurant lease. The restaurant totals approximately 4,000 SF of NRA and is designed with seating for 67 guests. The property also includes two exterior patios.
As presented in the listing, the site consists of approximately 0.83 acres at 255 Williams Blvd in Richland, Washington.
The offering is structured as a restaurant lease for one operator, with the built-in dining and patio areas forming the primary guest experience within the existing restaurant layout.
As presented in the listing, the site consists of approximately 0.83 acres at 255 Williams Blvd in Richland, Washington.
The offering is structured as a restaurant lease for one operator, with the built-in dining and patio areas forming the primary guest experience within the existing restaurant layout.
Key Highlights
- Single‑tenant full‑service Mexican restaurant lease property with approx. 4,000 SF of NRA
- 67‑seat dining capacity plus two exterior patios
- Located on a 0.83‑acre site
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $21.60 |
| − Vacancy | −$4.2k | −$1.06 |
| EGI | $82.2k | $20.54 |
| − OpEx | −$20.5k | −$5.14 |
| NOI | $61.6k | $15.41 |
4,000 SF · lease $21.60/SF/yr · vacancy 4.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$880.4K
$770.3K – $1.03M
NOI $61,625 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$970.8K – $1.29M
NOI $77,662 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fat Olives Restaurant ...
Restaurant
catering
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Single-tenant full-service restaurant offering 67 seats plus two exterior patios on a 0.83-acre site.
Where is this conventional restaurant located?
The property is located at 255 Williams Blvd Richland, WA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Single‑tenant full‑service Mexican restaurant lease property with approx. 4,000 SF of NRA; 67‑seat dining capacity plus two exterior patios; Located on a 0.83‑acre site
