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Shopping Strip

Dollar Tree Anchored Strip | Within WinCo Foods Shopping Center | 2029 Cap Rate: 7.11%

81 Columbia Point Dr, Richland, WA 99352

Listing Price: $6,825,000

Cap Rate
6.25%
Gross SF
25,049
Rentable SF
25,049
Price/Gross SF
$272.47
Lot Size
1.98 acres
Year Built
2003

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Dollar Tree Anchored Strip within WinCo Foods Shopping Center located at 81 Columbia Point Drive in Richland, Washington. The property consists of a 25,049 SF retail strip center situated on 1.98 acres within WinCo Foods Shopping Center. The retail center is strategically positioned with convenient access to George Washington Way, I-182, and SR-240 while benefiting from exceptional visibility and strong traffic counts.

Dollar Tree (NASDAQ: DLTR) has occupied the property since 2004, highlighting its long-term commitment to the location. The lease includes a 15% rental increase scheduled for February 2029. The Wash has recently signed a brand new 15-year Absolute Triple Net (NNN) lease with 3% annual rental increases beginning November 2027. Both tenants reimburse their pro-rata share of taxes, insurance, and common area maintenance, minimizing landlord responsibilities. Recent capital improvements include a partial roof replacement and a newly completed 5,083 SF interior buildout for The Wash.

Investment Highlights

  • Long-Term National Credit Tenant
  • Scheduled Rent Growth
  • 7.11% Cap Rate in 2029
  • WinCo Foods Anchored Shopping Center
  • Dynamic Retail Trade Area
  • High-Growth Metro

Exclusively Listed By

  • Maxwell McDonald

    Senior Director Investments

    (509) 570-7447

    Email Maxwell

    License(s): ID: SP46325, WA: 27702, MT: 93077

    Seattle

  • Jesse Fox

    Associate Director Investments

    Email Jesse

    License(s): WA: 23158, ID: BR38082

    Seattle

  • Rolfe Zeisner

    Associate Investments

    (206) 826-5757

    Email Rolfe

    License(s): WA: 25024797

    Seattle

Shopping Strip

Dollar Tree Anchored Strip | Within WinCo Foods Shopping Center | 2029 Cap Rate: 7.11%

Listing Price: $6,825,000

Cap Rate
6.25%
Gross SF
25,049
Rentable SF
25,049
Price/Gross SF
$272.47
Lot Size
1.98 acres
Year Built
2003

Investment Highlights

  • Long-Term National Credit Tenant
  • Scheduled Rent Growth
  • 7.11% Cap Rate in 2029
  • WinCo Foods Anchored Shopping Center
  • Dynamic Retail Trade Area
  • High-Growth Metro

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Dollar Tree Anchored Strip within WinCo Foods Shopping Center located at 81 Columbia Point Drive in Richland, Washington. The property consists of a 25,049 SF retail strip center situated on 1.98 acres within WinCo Foods Shopping Center. The retail center is strategically positioned with convenient access to George Washington Way, I-182, and SR-240 while benefiting from exceptional visibility and strong traffic counts. Dollar Tree (NASDAQ: DLTR) has occupied the property since 2004, highlighting its long-term commitment to the location. The lease includes a 15% rental increase scheduled for February 2029. The Wash has recently signed a brand new 15-year Absolute Triple Net (NNN) lease with 3% annual rental increases beginning November 2027. Both tenants reimburse their pro-rata share of taxes, insurance, and common area maintenance, minimizing landlord responsibilities. Recent capital improvements include a partial roof replacement and a newly completed 5,083 SF interior buildout for The Wash.

Exclusively Listed By

  • Maxwell McDonald

    Senior Director Investments

    (509) 570-7447

    Email Maxwell

    License(s): ID: SP46325, WA: 27702, MT: 93077

    Seattle

  • Jesse Fox

    Associate Director Investments

    Email Jesse

    License(s): WA: 23158, ID: BR38082

    Seattle

  • Rolfe Zeisner

    Associate Investments

    (206) 826-5757

    Email Rolfe

    License(s): WA: 25024797

    Seattle

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