1605 Bombing Range RdWest Richland, WA 99353

For Sale
$6,592,550

Class A, Multi-Tenant Restaurant Investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a portfolio of two brand-new, Class A buildings totaling 12,588 square feet situated on a 1.22-acre lot in West Richland, Washington. The property, located at 1605 Bombing Range Rd, boasts a prime location at a high-traffic corner, adjacent to established businesses like Gesa, Swigg Coffee, and Yokes Fresh Market. Currently 100% occupied by six credit-rated tenants under absolute NNN leases, this stabilized investment offers a compelling 4.85% cap rate with a net operating income (NOI) of $319,761. The property features a mix of office and retail spaces, with each building consisting of one story. Built in 2023, the property includes 12,000 square feet of net rentable space, priced at $524 per square foot. The asking price is $6,592,550. An additional 1,835 square feet of vanilla shell space is available for lease takeover, presenting an added value proposition. The property is zoned for commercial use and benefits from built-in annual lease escalations. This is a rare opportunity to acquire a high-performing, multi-tenant restaurant portfolio in a thriving West Richland location. The property's strong tenant base, prime location, and attractive design make it an ideal investment for discerning buyers seeking stable income and long-term growth potential.

Highlights

  • Two new, Class A buildings totaling 12,588 square feet, 100% leased with annual escalations.
  • High-traffic corner location in West Richland, WA, near Gesa, Swigg Coffee, and Yokes Fresh Market.
  • Attractive design and layout; one-story buildings with a mix of office and retail space.
  • 1,835 square feet of vanilla shell space available for lease takeover.
  • NNN leases with a $5/SF rate, generating a $319,761 NOI and a 4.85% cap rate; asking price $6,592,550.

Property Details for 1605 Bombing Range Rd

Property type
Other retail properties, Restaurants
Square Feet
12,588 SF
Class
A
Year Built
2023
Buildings
2
Stories
1
Lot Size (sq. ft)
53,143 SF
Units
6

Location Insight

City
West Richland
County
Benton
State
Washington
Latitude
46.2863174
Longitude
-119.3484441
1605 Bombing Range Rd, West Richland, Washington

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1605 Bombing Range Rd
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