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2-Tenant Retail | Walgreen Shadow Anchored 509 Mount Hood St 5,500 SF 100% Leased Retail Building The Dalles, OR 97058 $2,478,000 ($450.55/SF) 6.75% Cap Rate
Investment Highlights
- 100% Occupied | Strong Tenant Line-Up | Below Market Rent
- Walgreen Anchored Center | Dense Retail Corridor | Across to Safeway & Fred Meyer Centers
- Excellent Visibility and Access | Quick Access to Interstate-84 (20,400 VPD)
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The offering features a 2-tenant retail building fully leased to Mod Pizza and The Dalles Treatment Center
• Tenants are currently paying far below market rents in The Dalles market
• Opportunity to increase NOI through mark to market and converting to NNN leases
• Tenants are currently paying far below market rents in The Dalles market
• Opportunity to increase NOI through mark to market and converting to NNN leases
Property Facts
Sale Type
Investment
Property Type
Building Size
5,500 SF
Building Class
B
Year Built
2005
Price
$2,478,000
Price Per SF
$450.55
Cap Rate
6.75%
NOI
$167,271
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.76 AC
Opportunity Zone
Yes
Zoning
CG - General Commercial
Parking
23 Spaces (4.18 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Jan 0000
MOD Pizza began in 2008 in Seattle, Washington, and was founded by Scott and Ally Svenson. The company built its concept around made-to-order pizzas and hand-tossed salads prepared on demand, with a fixed-price model and a wide range of toppings, sauces, and dressings. MOD Pizza operates as a fast-casual restaurant chain with a build-your-own format that centers on personal pizzas, salads, and quick service dining. The company maintains a community-focused mission that includes employment and support for local communities, while sustaining a substantial restaurant presence across the United States.
- The Dalles Treatment Center
- Health Care and Social Assistance
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | 99,999 SF | - | Jan 0000 | ||
| The Dalles Treatment Center | Health Care and Social Assistance | 99,999 SF | - | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Very bikeable
80/100
Nearby Major Retailers
1 of 9
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