611 W Columbia St, Pasco, WA 99301
611 W Columbia St, Pasco, WA 99301
611 W Columbia St, Pasco, WA 99301
611 W Columbia St, Pasco, WA 99301
611 W Columbia St, Pasco, WA 99301
611 W Columbia St, Pasco, WA 99301
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Michael Gibson

Michael Gibson

+1(509) 378-7889
$ 2,450,000
Est. payment | /mo

8,100 SqFt

Save
$ 2,450,000
Est. payment | /mo
Save

8,100 SqFt

Key Details

Property Type Commercial, Other Types

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 8,100 sqft

Price per Sqft $302

MLS Listing ID PAC284669

HOA Y/N No

Year Built 1960

Annual Tax Amount $4,326

Tax Year 2025

Lot Size 0.550 Acres

Acres 0.55

Property Sub-Type Other

Source pacmls

Property Description

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.

Location

State WA

County Franklin

Zoning COMMCL GENERAL

Direction I-182 and exit at 12A for US-395 South toward Kennewick, then take the Lewis Street exit, turn right onto Lewis Street, left onto N 5th Avenue, and finally right onto W Columbia Street—the destination will be on your right.

Interior

Inclusions na

Exterior

View Y/N No

Garage No

Listed byNAI Tri-Cities Commercial
Michael Gibson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(509) 378-7889

michael@michaelgibsonrealtor.com

3311 W Clearwater Ave Suite, Kennewick, WA, USA

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611 W Columbia St

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