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One Stop Shopping Center 3504-3536 NE 3rd Ave 38,850 SF 46% Leased Retail Building Camas, WA 98607 $6,000,000 ($154.44/SF) 7% Cap Rate
Investment Highlights
- Eight tenant spaces featuring a mix of service, convenience, and showroom uses.
- Excellent location with strong access to Highway 14 and surrounding neighborhoods.
- Camas market projected to experience 40% job growth over the next 10 years.
- Below-market rents with 3–4% annual increases provide income growth potential.
- Additional ±32,670 SF of land available for future development or expansion.
Executive Summary
One Stop Shopping Center presents an attractive owner/user or investor opportunity in the growing Camas market. This ±38,850 SF retail center is situated on ±2.44 acres and offers a diverse tenant mix of service, convenience, and showroom users. Currently 72% occupied, the property provides immediate income with upside potential through lease-up and rent adjustments. Existing leases feature below-market rents with 3–4% annual increases, creating a path for enhanced returns.
The center benefits from excellent visibility and accessibility, positioned near Highway 14 and surrounded by established neighborhoods and local businesses. Future development potential exists with ±32,670 SF of additional land on the south parking lot, offering expansion or redevelopment options. Camas is experiencing strong economic growth, with job projections indicating a 40% increase over the next decade, further supporting retail demand.
Priced at $6,000,000 with a 7.00% cap rate, this property combines stable cash flow with long-term value creation opportunities in a dynamic submarket.
The center benefits from excellent visibility and accessibility, positioned near Highway 14 and surrounded by established neighborhoods and local businesses. Future development potential exists with ±32,670 SF of additional land on the south parking lot, offering expansion or redevelopment options. Camas is experiencing strong economic growth, with job projections indicating a 40% increase over the next decade, further supporting retail demand.
Priced at $6,000,000 with a 7.00% cap rate, this property combines stable cash flow with long-term value creation opportunities in a dynamic submarket.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$420,000
|
$10.81
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $420,000 |
| Annual Per SF | $10.81 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
38,850 SF
Building Class
C
Year Built
1959
Price
$6,000,000
Price Per SF
$154.44
Cap Rate
7%
NOI
$420,000
Percent Leased
46%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
2.52 AC
Zoning
RC - Regional Commercial
Parking
240 Spaces (6.18 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Activate Church
- Services
- -
- -
- Triple Net
- -
- Core Industries
- Manufacturing
- -
- $14.00
- Triple Net
- Nov 2026
-
- Accommodation and Food Services
- -
- -
- -
- -
Domino’s began in 1960 as a single pizza store in Ypsilanti, Michigan, and grew from that origin into a major global pizza brand. The company focuses on making, baking, and delivering pizza through a franchise-driven model that supports household customers in the U.S. and international markets. Domino’s business also includes menu development and store design, with a history of expanding its pizza offerings and related food items over time.
- Hometown Furniture
- -
- -
- $9.50
- Triple Net
- Jun 2026
- Huong Nguyen
- -
- -
- -
- -
- -
- James Marston
- Services
- -
- -
- -
- -
- Northwest, Inc.
- Real Estate
- -
- -
- Triple Net
- -
- Spears Strong
- Arts, Entertainment, and Recreation
- -
- -
- Triple Net
- -
- Tammie Tran
- Retailer
- -
- $18.14
- Triple Net
- -
- Your Big Day
- Public Administration
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Activate Church | Services | - | - | Triple Net | - | |
| Core Industries | Manufacturing | - | $14.00 | Triple Net | Nov 2026 | |
|
|
Accommodation and Food Services | - | - | - | - | |
| Hometown Furniture | - | - | $9.50 | Triple Net | Jun 2026 | |
| Huong Nguyen | - | - | - | - | - | |
| James Marston | Services | - | - | - | - | |
| Northwest, Inc. | Real Estate | - | - | Triple Net | - | |
| Spears Strong | Arts, Entertainment, and Recreation | - | - | Triple Net | - | |
| Tammie Tran | Retailer | - | $18.14 | Triple Net | - | |
| Your Big Day | Public Administration | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- Open showroom with exit into back gated area - Call for rate / NNN
- Corner exposure with rollup door leading to back gated area - Call for rate / NNN
| Space | Size | Space Use | Position | Available |
| 3519 | 4,075 SF | Retail | - | Now |
| 3536 | 6,042 SF | Retail | - | Now |
3519
| Size |
| 4,075 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
3536
| Size |
| 6,042 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
3519
| Size | 4,075 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
- Open showroom with exit into back gated area - Call for rate / NNN
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3536
| Size | 6,042 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
- Corner exposure with rollup door leading to back gated area - Call for rate / NNN
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 091045-570 | Improvements Assessment | $2,538,900 |
| Land Assessment | $1,400,700 | Total Assessment | $3,939,600 |
Property Taxes
Parcel Number
091045-570
Land Assessment
$1,400,700
Improvements Assessment
$2,538,900
Total Assessment
$3,939,600
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
One Stop Shopping Center | 3504-3536 NE 3rd Ave
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