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8,100 sqft

$2,450,000

611 W Columbia St, Pasco WA, 99301

Price per sqft$302.47
Built in1960
Property size8,100 sqft
Property typeCommercial

Overview

Active

Listed Jun 2, 2025

Updated 4 weeks ago

MLS# 284669 Cash flows $178,640 annually, with 3% annual increases. See associated docs Property is Occupied by Candy Mountain Academy, a program funded by ESD 123, this property serves as a supportive learning environment for students in kindergarten through 12th grade. The Academy offers an alternative educational setting focused on early learning subjects and fostering connections within the early learning community.Over $700,000 in improvements have been made to support the program, including new windows, HVAC units, a roof, interior and exterior doors, LED lighting, a secured entry, a fire sprinkler system, and fresh interior and exterior paint. These upgrades make the facility a secure, attractive, and long-term investment opportunity. The tenant has signed a 10-year absolute triple net (NNN) lease with two 5-year renewal options and 7 years remaining on original term. The lease includes 3% annual rent increases, offering investors a steadily compounding return.Don’t miss out on this opportunity to secure a reliable income stream.Note: Listing agents are also owners of the property.

Other Property Details

Taxes
$4,326
Tax Frequency
Annually

Courtesy of Todd Sternfeld, NAI Tri-Cities Commercial

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