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Listed price in listed location currency (USD).
$2,900,000

000

MLS® 284669

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $4,326
Days Active 195
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 $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.
MLS® Number284669
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1960
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Na

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 30, 2025List Date
$2,900,000List Price
  • Commute

Commute

Starting Address
Destination Address
611 W Columbia St, Pasco, WA

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