Listed by Lee & Associates - Bellevue
$15,416,000
Columbia Summit
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 88,724
Units 16
Cap Rate 6.5%
NOI $1,002,045
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $174
Year Built 1990
Buildings 1
Stories 1
Lot Size (SqFt) 209,088
Zoning CR
Investment Type Stabilized
Occupancy Date 02/01/2026
Retail | 6.50% CAP | 88,724 SqFt
Marketing description
Columbia Summit Center offers investors a rare opportunity to acquire a 100% leased neighborhood shopping center in the primary retail corridor of the Tri Cities. The center is anchored by Planet Fitness and boasts a mixture of national and strong local long term tenant, approximately 76% of which have occupied space in the property for ten years or more. The offering features a stable and diversified tenant roster in a property that has seen capital improvements including new roof, parking lot seal coating, exterior paint and new LED exterior lighting.
PROPERTY OVERVIEW
National tenants include: Planet Fitness, Once Upon a Child, Honeybaked Ham, Mattress Depot and Dutch Bros Coffee.
Traffic count of 28,676 on Columbia Center Blvd.
Listing Contacts
Listed by Lee & Associates - Bellevue
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,002,045.00
$83,503.75/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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