1. Washington
2. Pasco
3. 611 W Columbia St

611 W Columbia St, Pasco, WA 99301

Property Description

MLS# 284669 Cash flows $173,438 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. 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.

Listing Status:

Active

Listing Office:

NAI Tri-Cities Commercial :

Listing Agent:

Todd Sternfeld : (509) 539-3998

MLS ID:

284669

Interior

• Heating: None

Exterior

Location

Financial

This listing courtesy of Todd Sternfeld, NAI Tri-Cities Commercial