NNN Retail Storefront
For Sale
Contact for pricing
75 Columbia Point Drive, Richland, WA 99352
For sale NNN retail storefront leased to Big 5 Sporting Goods.
Property Size11,040 SF
Price / SF$271.74
Days on Market170
Property Features for 75 Columbia Point Drive
General Information
Standard status
Active
Size
11,040 SF
Property subtype
Retail, Business for Sale
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Net Operating Income
$207,540
Building Details
Year Built
2003
Units
41
Tenancy
Single
Listing Agency:
Northmarq
Listed By:
Sean Mack · License #OR 990100161
Source:
Crexi
Added: Apr 11
Changed: Sep 10
Last Checked: Sep 26 at 6:01AM
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 Northmarq
Investment Insights
Based on property information with market context.
This for-sale NNN retail storefront property is leased to Big 5 Sporting Goods. The asset is presented as a net lease structure, aligning with investors seeking an income-oriented retail holding.
The property is located at 75 Columbia Point Dr in Richland, Washington. Public remarks describe the site as being in a high-traffic location; specific traffic counts or frontage details are not provided in the available information.
As configured and marketed, this is an investment-focused retail space under an NNN arrangement with an established national sporting goods operator as the tenant. Please review available lease terms and offering materials for details on the net lease structure and the current lease maturity.
The property is located at 75 Columbia Point Dr in Richland, Washington. Public remarks describe the site as being in a high-traffic location; specific traffic counts or frontage details are not provided in the available information.
As configured and marketed, this is an investment-focused retail space under an NNN arrangement with an established national sporting goods operator as the tenant. Please review available lease terms and offering materials for details on the net lease structure and the current lease maturity.
Key Highlights
- NNN retail storefront for sale
- Leased to Big 5 Sporting Goods
- Located in a high‑traffic location
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,923
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,598,460
$2.6M
Cap Rate 7%
$1,856,043
$1.9M
Cap Rate 9%
$1,443,589
$1.4M
Market Conditions
NOI Build-Up for 11,040 SF
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.
Gross rent
$198.7K $18.00/SF
− Vacancy
−$13.1K −$1.19/SF
EGI
$185.6K $16.81/SF
− OpEx
−$55.7K −$5.04/SF
NOI
$129.9K $11.77/SF
Area
Benton County, WA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,598,460
Cap Rate 7%
$1,856,043
Cap Rate 9%
$1,443,589
Alternative Uses
Best Use
Retail
$1.86M
$1.62M – $2.17M
NOI $129,923 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,346 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
158k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Dining 27%
Shops & Services 15%
Apparel 3%
WinCo Foods
Groceries
82,246 visits/mo
0.1 miles
Dollar Tree
Shops & Services
19,161 visits/mo
0.1 miles
Jack in the Box
Dining
17,277 visits/mo
0.1 miles
Starbucks
Dining
14,621 visits/mo
0.1 miles
Applebee's
Dining
10,821 visits/mo
0.1 miles
Demographics for 99352, WA
35,762
Population
15,522
Households
2.3
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
24.0 sq mi
ZIP Area
1,490
Density / Sq Mi
$96,875
Median Household Income
$65,348
Median Earnings
$1,457
Median Rent
$442,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - For sale NNN retail storefront leased to Big 5 Sporting Goods.
Where is this storefront property located?
The property is located at 75 Columbia Point Drive Richland, WA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: NNN retail storefront for sale; Leased to Big 5 Sporting Goods; Located in a high‑traffic location
