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1112 E Main St

9,300 SF Retail Building Othello, WA 99344 $1,550,000 ($167/SF) 6.47% Cap Rate

Executive Summary

Introducing a prime investment opportunity in Othello, WA! This exceptional property features 9,300 SF free standing building, fully occupied with nationally known tenant Dollar Tree Stores, Inc. There are 3 years left on a near NNN lease with three 5 year extensions available. Constructed in 2016, the building showcases quality craftsmanship, ideal for investors seeking a turnkey retail space. With 100% occupancy, this property presents a lucrative opportunity for savvy investors looking to establish a strong presence in the thriving Othello market. Don't miss the chance to own a premier retail building in this sought-after location.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
9,300 SF
Year Built
2016
Price
$1,550,000
Price Per SF
$167
Cap Rate
6.47%
NOI
$100,285
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.83 AC
Parking
24 Spaces (4.09 Spaces per 1,000 SF Leased)

Nearby Major Retailers

Harvest Foods
Anytime Fitness
Umpqua Bank
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1529030715602
Land Assessment
$92,900
Improvements Assessment
$739,000
Total Assessment
$831,900
  • Listing ID: 33003518

  • Date on Market: 8/29/2024

  • Last Updated:

  • Address: 1112 E Main St, Othello, WA 99344

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