Grocery-Anchored Dollar Tree NNN
81 Columbia Point Dr, Richland, WA 99352
Grocery-anchored Dollar Tree NNN investment property for sale.
Type:Commercial/Industrial
Property size:
25,000 SFLot size:
1.98 AcresPrice / SF:
$255/SF- Added:
- Mar 12, 2026
- Days on Market:
- 67
- Last Refresh:
- Apr 6 at 2:32 am
Property Features for 81 Columbia Point Dr
General Information
- Standard status
- Active
- Size
- 25,000 SF
- Lot size
- 1.98 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2004
Listing agent Derrick Stricker License #22021066
Listing office StrickerCRE (509) 591-9949
Listing date Mar 12, 2026
Source Exitrealty
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 StrickerCRE
HighLights
- Grocery‑anchored investment property with stable, long‑term cash flow.
- Attractive 6.69% CAP rate and $426,016 net operating income (NOI).
- Dollar Tree, a well‑established national credit tenant, occupies the majority of the space (19,966 SF).
- Dollar Tree recently extended its lease through January 2032, with options to extend until 2042.
- NNN lease structure minimizes management responsibilities.
- Opportunity to lease a vacant 5,000 SF suite, formerly a Mattress Suite, at $22.50/SF.
Overview
This grocery-anchored Dollar Tree NNN investment property offers an opportunity for investors seeking stable, long-term cash flow with minimal management responsibilities. The property, with a size of 25000 square feet, is priced at $6,375,000. It provides a 6.69% CAP rate and generates a net operating income (NOI) of $426,016 annually. The anchor tenant, Dollar Tree, occupies 19,966 square feet. Dollar Tree recently extended its lease for 8 additional years, through January 2032, with two 5-year renewal options that could extend their tenancy until 2042. There is a vacant 5,000 square foot suite adjacent to Dollar Tree that is a former Mattress Suite and is listed for lease for $22.50/SF. NNN estimates are $3.75 and WinCo Grocery manages all of the Center's Common Area Maintenance.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$4.28M
NOI $385,155 @ 9.00% cap · cautious / downside scenario
Moderate
$5.50M
NOI $385,155 @ 7.00% cap · market / base-case scenario
Aggressive
$7.70M
NOI $385,155 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $540.0k | $21.60 |
| − Vacancy | −$26.5k | −$1.06 |
| EGI | $513.5k | $20.54 |
| − OpEx | −$128.4k | −$5.14 |
| NOI | $385.2k | $15.41 |
25,000 SF · lease $21.60/SF/yr · vacancy 4.90% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$5.50M
$4.81M – $6.42M
NOI $385,155 @ 7.0% cap · market cap 6.04%
Second Best
Retail
$4.20M
$3.68M – $4.90M
NOI $294,210 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$6.93M
$6.07M – $8.09M
NOI $485,386 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Richland
- County
- Benton
- State
- Washington
- Longitude
- -119.265
- Latitude
- 46.2622
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Grocery-anchored Dollar Tree NNN investment property for sale.
Where is this grocery and convenience store located?
The property is located at 81 Columbia Point Dr Richland, WA.
What is the asking price?
The asking price for this property is $6,375,000.
What are key features of this property?
This property features: Grocery‑anchored investment property with stable, long‑term cash flow.; Attractive 6.69% CAP rate and $426,016 net operating income (NOI).; **Dollar Tree, a well‑established national credit tenant, occupies the majority of the space (19,966 SF).**
