Property Details

120 S 5th Ave

Pasco, WA 99301

$2,450,000

Available

CBA# 698105 courtesy of CBA Listing firm: NAI Tri-Cities Commercial

Schedule a Showing

Select your date preference

Request More Info

I’d like more information about 120 S 5th Ave, Pasco, MLS# 698105

Commercial

Property Type

6,020

Bldg Sq Ft

7.00%

Cap Rate

1960

Year Built

Property Overview

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. 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.