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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 $3,518,912 CAD ($639.80 CAD/SF) 6.50% Cap Rate

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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

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
5,500 SF
Building Class
B
Year Built
2005
Price
$3,518,912 CAD
Price Per SF
$639.80 CAD
Cap Rate
6.50%
NOI
$228,765 CAD
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 is a fast-casual pizza restaurant brand founded in 2008 in the Seattle area. The company specializes in individually sized pizzas and salads that can be customized with a wide selection of toppings for a fixed price. MOD operates as a privately held organization and focuses on a build-your-own service model that emphasizes quick preparation and consistent menu options. Over the years, the company has expanded its footprint across multiple U.S. markets while maintaining a standardized ordering format. The brand has also been recognized for its community-oriented approach, incorporating charitable activities and local engagement into its ongoing operations.

  • 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
Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Fred Meyer
WaFd Bank
Columbia Bank
TacoTime
Denny's
Safeway
Grocery Outlet
BMO
Toyota

Property Taxes

Property Taxes

Parcel Number
04927
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,592,384 CAD
  • Listing ID: 39572255

  • Date on Market: 2026-02-25

  • Last Updated:

  • Address: 509 Mount Hood St, The Dalles, OR 97058

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