Skip to main content

Shopping Strip

St. Helens Retail Center

58729 & 58741 Columbia River Highway, St. Helens, OR 97051

Listing Price: $4,372,551

Cap Rate
6.35%
Rentable SF
20,400
Lot Size
2.62 acres
Year Built
1960

Investment Overview

The subject property is situated on 2.62 Acres on Columbia River Highway, which sees approximately 25,000 vehicles per day. Strategically located between Saint Helens High School and Wal-Mart, the 100 percent-leased retail center has multiple tenants with extensive operating history at this location. Dollar Tree recently exercised their option early, which speaks to the long-term viability for the tenant in this space due to the below market rent and strong location. All tenants have continued to pay rent throughout the COVID-19 pandemic, which speaks to the strength of the tenant mix in the center. The oversized parcel has additional acreage behind the Dollar Tree, which could provide an incoming investor with some additional upside through redevelopment or repositioning.

Investment Highlights

  • 100%-Leased Retail Center Along Primary Retail Thoroughfare
  • 80% of Space Leased to Credit Tenants
  • Low-Management Asset--Majority of Leases NNN
  • Anchor Tenant with Below-Market Rents

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s) OR: 201209561

    Oregon

Listing Price: $4,372,551

Cap Rate
6.35%
Rentable SF
20,400
Lot Size
2.62 acres
Year Built
1960

Investment Highlights

  • 100%-Leased Retail Center Along Primary Retail Thoroughfare
  • 80% of Space Leased to Credit Tenants
  • Low-Management Asset--Majority of Leases NNN
  • Anchor Tenant with Below-Market Rents

Investment Overview

The subject property is situated on 2.62 Acres on Columbia River Highway, which sees approximately 25,000 vehicles per day. Strategically located between Saint Helens High School and Wal-Mart, the 100 percent-leased retail center has multiple tenants with extensive operating history at this location. Dollar Tree recently exercised their option early, which speaks to the long-term viability for the tenant in this space due to the below market rent and strong location. All tenants have continued to pay rent throughout the COVID-19 pandemic, which speaks to the strength of the tenant mix in the center. The oversized parcel has additional acreage behind the Dollar Tree, which could provide an incoming investor with some additional upside through redevelopment or repositioning.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s): OR: 201209561

    Oregon

MM Texture Background
MM Textured Background Lower