611 W Columbia St Pasco, WA 99301
8,100 Sq. Ft. / 23,958 Sq. Ft., 0.55 acres lot size / Other
Listing Courtesy of: Todd Sternfeld - NAI Tri-Cities Commercial [email protected]
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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.
property details
Type
Other
Status
Active
County
Franklin
Year Built
1960
Sq. Ft.
8,100
Lot Size
23,958 Sq. Ft., 0.6 acres
Listing Id
284669
Courtesy Of
Todd Sternfeld - NAI Tri-Cities Commercial [email protected]
List Office Phone
+1 509 943 5200
Interior Features
Living Area Units
Sq. Ft.
Utility & Building Info
Tax Amount
4326
Building Area Total
8,100 Sq. Ft.
Price Per Sq Ft
$302
Architectural Style
Other
Information being provided is 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.
Price History
| date | event | price | source |
|---|---|---|---|
|
04/27/2026
04/27/2026
|
Active |
$2,450,000
|
Pacific Regional MLS/Tri-City Realtors |
|
01/22/2026
01/22/2026
|
Active |
$2,700,000
|
Pacific Regional MLS/Tri-City Realtors |
|
06/02/2025
06/02/2025
|
Active |
$2,900,000
|
Pacific Regional MLS/Tri-City Realtors |
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Market Trends
Source: Constellation1
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