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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 $3,446,155 CAD ($626.57 CAD/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
$3,446,155 CAD
Price Per SF
$626.57 CAD
Cap Rate
6.75%
NOI
$232,624 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 began in Seattle as a fast-casual restaurant concept created by Scott and Ally Svenson, with a menu built around made-on-demand pizzas. The company offers customizable pizzas, salads, sides, and beverages, serving guests through a build-your-own ordering model. MOD Pizza has grown from its Seattle roots into a restaurant brand with a broad presence in the United States and a recognizable position in the fast-casual pizza category.
- 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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2-Tenant Retail | Walgreen Shadow Anchored | 509 Mount Hood St
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