Grocery-Anchored Dollar Tree
81 Columbia Point Dr Richland, WA 99352
For Sale
$6,375,000
SINGLE_FAMILY - Richland, WA
Property Size25,000 SF
Lot Size1.98 Acres
Price / SF$255
Days on Market674
Property Features for 81 Columbia Point Dr
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- COMMCL RETAIL
- Parking
- 75
- Standard status
- Active
- APN
- 113983BP2892009
- Lot size
- 1.98 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 42715
Building Details
- Year built
- 2004
Listing Agency:
StrickerCRE
50959199
Listed By:
Derrick Stricker · License #7AA1290
(509) 430-8533
Added: Sep 19, 2024
Changed: Jul 23
Last Checked: Jul 24 at 4:06AM
MLS# 279059
Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A grocery-anchored NNN retail property featuring a Dollar Tree as the primary tenant. The center includes approximately 19,966 SF occupied by Dollar Tree and a vacant approximately 5,000 SF suite adjacent to the anchor that is described as a former mattress suite. Zoning is listed as COMMCL RETAIL, and the site totals approximately 1.98 acres.
The property is located at 81 Columbia Point Dr in Richland, WA (Benton County). The listing remarks state Dollar Tree recently extended its lease for eight additional years through January 2032, with two 5-year renewal options that could extend tenancy through 2042. The NNN estimates are stated as $3.75, and WinCo Grocery is noted as managing common area maintenance for the center.
For additional details, contact the listing agent; the remarks also indicate an NDA is required for full OM.
The property is located at 81 Columbia Point Dr in Richland, WA (Benton County). The listing remarks state Dollar Tree recently extended its lease for eight additional years through January 2032, with two 5-year renewal options that could extend tenancy through 2042. The NNN estimates are stated as $3.75, and WinCo Grocery is noted as managing common area maintenance for the center.
For additional details, contact the listing agent; the remarks also indicate an NDA is required for full OM.
Key Highlights
- Grocery‑anchored Dollar Tree NNN investment priced at $6,375,000 with 25,000 SF building area
- Dollar Tree occupies 19,966 SF; lease extended 8 years through January 2032 with two 5‑year renewal options through 2042
- Current financials: 6.69% cap rate and $426,016 annual NOI
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 | $450.0k | $18.00 |
| − Vacancy | −$29.7k | −$1.19 |
| EGI | $420.3k | $16.81 |
| − OpEx | −$126.1k | −$5.04 |
| NOI | $294.2k | $11.77 |
25,000 SF · lease $18.00/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.20M
$3.68M – $4.90M
NOI $294,210 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — WinCo, 101 Columbia Point Dr, Richland, WA 99352
FAQs
What type of property is this?
Shopping center - NNN retail center in Richland anchored by Dollar Tree with a vacant adjacent suite.
Where is this shopping center 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 Dollar Tree NNN investment priced at $6,375,000 with 25,000 SF building area; Dollar Tree occupies 19,966 SF; lease extended 8 years through January 2032 with two 5‑year renewal options through 2042; Current financials: 6.69% cap rate and $426,016 annual NOI
