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516 E 2nd St
516 E 2nd St
The Dalles, OR 97058
About
Triple Net (NNN) commercial retail building on the main street in The Dalles with central visibility and access in a redeveloping area, located about 3 miles from a Google data center. The main unit is under a 5-year NNN lease (06/01/2021–05/31/2026) at $2,000/month, with the back half leased to Amoriss CRG via lease-back. Unit A and Unit B are both on month-to-month leases at $300/month each, following prior 1-year NNN leases ending 09/30/2025.
Property Management
Taylor Hou
Taylor Hou is the Founder & Chief Happiness Officer at APM Help where they are the tech-enabled back office to hundreds of local property managers in America, specializing in property accounting and trust compliance. They help manage over three hundred thousand residential rental units.
Due Diligence Documents
About this offering
The Market
The Dalles, OR
The Dalles sits on the Columbia River about 80 miles east of Portland, at the eastern end of the Columbia River Gorge. Google’s data center campus and regional healthcare provide steady jobs, and I-84 connects the city to Portland and Hood River. Sunny weather, world-class windsurfing and hiking in the Gorge, and lower home prices than the Portland metro attract a growing number of residents.
Property Updates
You are currently receiving the net cash flow from the month of September on a daily basis until November 14th.
The net cash flow in September was $1,955.64, a 0% change from August's net cash flow of $1,955.64.
The tenants are on a Triple Net Lease (NNN) and are responsible for the utilities and maintenance expenses at the property.
Unit A and Unit B have now been leased and both tenants moved in on 10/1.
Unit A monthly rent is $300 and Unit B monthly rent is $200.
The total monthly gross rent for all 3 units is $2,500/month.
Investor Reviews
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Share price
516 E 2nd St
The Dalles, OR 97058
About
Triple Net (NNN) commercial retail building on the main street in The Dalles with central visibility and access in a redeveloping area, located about 3 miles from a Google data center. The main unit is under a 5-year NNN lease (06/01/2021–05/31/2026) at $2,000/month, with the back half leased to Amoriss CRG via lease-back. Unit A and Unit B are both on month-to-month leases at $300/month each, following prior 1-year NNN leases ending 09/30/2025.
Property Management
Taylor Hou
Taylor Hou is the Founder & Chief Happiness Officer at APM Help where they are the tech-enabled back office to hundreds of local property managers in America, specializing in property accounting and trust compliance. They help manage over three hundred thousand residential rental units.
Due Diligence Documents
Offering Details
The Market
The Dalles, OR
The Dalles sits on the Columbia River about 80 miles east of Portland, at the eastern end of the Columbia River Gorge. Google’s data center campus and regional healthcare provide steady jobs, and I-84 connects the city to Portland and Hood River. Sunny weather, world-class windsurfing and hiking in the Gorge, and lower home prices than the Portland metro attract a growing number of residents.
Property Updates
You are currently receiving the net cash flow from the month of September on a daily basis until November 14th.
The net cash flow in September was $1,955.64, a 0% change from August's net cash flow of $1,955.64.
The tenants are on a Triple Net Lease (NNN) and are responsible for the utilities and maintenance expenses at the property.
Unit A and Unit B have now been leased and both tenants moved in on 10/1.
Unit A monthly rent is $300 and Unit B monthly rent is $200.
The total monthly gross rent for all 3 units is $2,500/month.
Investor Reviews
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$2,500.00
Monthly Rent
$561.03
Monthly Expenses
$1,938.97
Net Monthly Cash Flow
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+5.4%
per year over 7 years
7-Year Projection
$1,450
+$450 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.