Map
Listed price in listed location currency (USD).
$2,450,000

000

MLS® 284669

Overview

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $4,326
Days Active 301
Lot Size 
Approx. Age 1960
MLS® Number 284669

Property Address: 611 W Columbia St, Pasco, WA, 99301

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number284669
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1960
Basement
Driveway11 - 20 Spaces
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 30, 2025List Date
$2,450,000List Price

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties