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22 S Carmichael Drive

Kennewick, WA 99336
  • $895,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 268832
UPDATED: 5 min ago
$895,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,050
    SQFT
  • $852
    $/SQFT
Type:
Commercial
Built:
1971
County:
Area:

School Ratings & Info

Description

MLS# 268832 Regional Coffee Chain NNN Investment in Downtown Kennewick for sale. Busy location on the arterial street that brings you to the High School and heart of Downtown. 7.5 Years of Base Term left with coffee tenant. 5.80% CAP with $52k NOI and annual bumps scheduled throughout remaining base term. Property features single drive thru and 15 parking stalls with access from 4th and Carmichael. The building was updated in 2017 and has been a staple for this corridor and is the only cafe location + drive thru. There are two other Locations also for sale. Call LA for more information. Do not disturb Tenant or Business.

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© 2023 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Story Real Estate | KW Palouse. Data last updated: 2023-06-10T17:39:45.563.
www.storyrealestatemoscow.com/homes/139862237
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22 S Carmichael Drive Kennewick, WA 99336

  • Price: $895,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 5 min ago
  • MLS #: 268832
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1,050
SQFT
$852
$/SQFT
1971
Built
County:
Benton
Area:
Kennewick
Property Description
MLS# 268832 Regional Coffee Chain NNN Investment in Downtown Kennewick for sale. Busy location on the arterial street that brings you to the High School and heart of Downtown. 7.5 Years of Base Term left with coffee tenant. 5.80% CAP with $52k NOI and annual bumps scheduled throughout remaining base term. Property features single drive thru and 15 parking stalls with access from 4th and Carmichael. The building was updated in 2017 and has been a staple for this corridor and is the only cafe location + drive thru. There are two other Locations also for sale. Call LA for more information. Do not disturb Tenant or Business.
Exterior Features

Built On Grade Yes Dock High No Frontage 54 Parking 0 - 10 Spaces Rail Access No Truck Doors No

Interior Features

Clear Span No Cold Storage No Elevators No Sprinkler System No Sq Ft Finished 1050 Sq Ft Retail 1050

Property Features

Annual Taxes 1815 Auction No Bank Owned No Business Name Blackrock Coffee/ Wakeup Commercial Type Retail Ever Occupied Yes For Sale Or Rent For Sale Percent Leased 100 Proj Annual Expenses 0 Proj Annual Income 52450 Proj Annual Vacancy 1% Proj Cap Rate 5.80% Proj Net Operating Income 52000 Sale Includes Building Tax Year 2022 Tenants 1 Zoning Type See Remarks

Listing provided courtesy of Strickercre: 509-591-9949. © 2023 Multiple Listing Service of Pacific Regional Multiple Listing Service.


© 2023 Pacific Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Story Real Estate | KW Palouse. Data last updated: 2023-06-10T17:39:45.563.
 
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