Description
MLS# 268834 Regional Coffee Chain NNN Investment in Kennewick WA for sale. Great visibility and access on Columbia Center Blvd across from the Simon Regional Mall and On Ramps for HWY 240. 7.5 Years of Base Term left with coffee tenant. $112k NOI with annual bumps scheduled throughout remaining base term. There are two buildings on the property; one double drive thru building and a vacant 4500 SF office/retail building. NNN portion of the Property is a 5.52% CAP and the ProForma has the vacant building at $12/SF NNN or a 8.90% CAP. Blended together the NNN + Value Add is a 6.75% CAP deal. Great upside for Investor to collect coffee chain rent and Occupy or Lease up the frontage building. There are two other Locations also for sale. Call LA for more information. Do not disturb Tenant or Business.
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0BEDS
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0.29ACRES
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0BATHS
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01/2 BATHS
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4,447SQFT
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$371$/SQFT
School Ratings & Info
Description
MLS# 268834 Regional Coffee Chain NNN Investment in Kennewick WA for sale. Great visibility and access on Columbia Center Blvd across from the Simon Regional Mall and On Ramps for HWY 240. 7.5 Years of Base Term left with coffee tenant. $112k NOI with annual bumps scheduled throughout remaining base term. There are two buildings on the property; one double drive thru building and a vacant 4500 SF office/retail building. NNN portion of the Property is a 5.52% CAP and the ProForma has the vacant building at $12/SF NNN or a 8.90% CAP. Blended together the NNN + Value Add is a 6.75% CAP deal. Great upside for Investor to collect coffee chain rent and Occupy or Lease up the frontage building. There are two other Locations also for sale. Call LA for more information. Do not disturb Tenant or Business.
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