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Fully Leased Kennewick Retail Center

731 N Columbia Center Blvd Kennewick, WA 99336

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100% leased shopping center with long-term tenants.

Type:Retail
Property size:
88,724 SF
Price / SF:
$173/SF
Added:
Jan 28, 2026
Days on Market:
166
Last Refresh:
Jul 5 at 3:45 am

Property Features for 731 N Columbia Center Blvd

General Information

Standard status
Active
Size
88,724 SF
Property subtype
Retail

Building Details

Year Built
1990

Listing office Lee & Associates - Bellevue

Listing date Jan 28, 2026

Source Crexi

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 Lee & Associates - Bellevue


Investment Insights

Based on property information with market context.

Columbia Summit Center presents an opportunity to acquire a fully leased neighborhood shopping center situated in the primary retail corridor of the Tri Cities. Anchored by Planet Fitness, the center features a mix of national and local tenants, with approximately 76% having occupied space in the property for ten years or more. The property has undergone capital improvements, including a new roof, parking lot seal coating, exterior paint, and new LED exterior lighting. National tenants include Planet Fitness, Once Upon a Child, Honeybaked Ham, Mattress Depot, and Dutch Bros Coffee. The location benefits from a traffic count of 28,676 on Columbia Center Blvd. The property encompasses a total area of 88,724 square feet.

Key Highlights

  • 100% leased neighborhood shopping center.
  • Anchored by Planet Fitness.
  • High percentage (approximately 76%) of long‑term tenants (ten years or more).

Local Financial Insights For 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 $1.60M $18.00
− Vacancy −$105.4k −$1.19
EGI $1.49M $16.81
− OpEx −$447.5k −$5.04
NOI $1.04M $11.77
88,724 SF · lease $18.00/SF/yr · vacancy 6.60% · expense 30.00%

Alternative Uses

Best Use
Retail
$14.92M
$13.05M – $17.40M (±1% cap)
NOI $1,044,140 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$24.61M
$21.53M – $28.71M (±1% cap)
NOI $1,722,614 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Sushi Ya Restaurant Mattress Depot USA Furniture & Home Goods Summit Up To Hair Hair Salon C & K Nails Nail Salon Wholesale Dumpster Rental ... Waste Management Facility

Suggested Use

Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Veterinary Clinic Parking Lot & Garage Daycare Center Locksmith (Bike/Boat/Book/etc) Store Fish Market

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Columbia Center Blvd At Canalst — 311 S Columbia Center Blvd, Kennewick, WA 99336
  • Columbia Summit Center — 731 N Columbia Center Blvd, Kennewick, WA 99336
  • Columbia Square — 1232 N Columbia Center Blvd, Kennewick, WA 99336
  • Metropolitan Plaza — Metropolitan Plaza, 321 N Columbia Center Blvd, Kennewick, WA 99336
  • Columbia Plaza — 6855 W Clearwater Ave, Kennewick, WA 99336

FAQs

What type of property is this?
Shopping center - 100% leased shopping center with long-term tenants.
Where is this shopping center located?
The property is located at 731 N Columbia Center Blvd Kennewick, WA.
What is the asking price?
The asking price for this property is $15,416,000.
What are key features of this property?
This property features: 100% leased neighborhood shopping center.; Anchored by Planet Fitness.; High percentage (approximately 76%) of long‑term tenants (ten years or more).
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