St. Helens Retail Center
St. Helens, OR


Price: $4,348,477
CAP Rate: 6.5%
Gross Leasable Area: 20,400 SF
Suites: 5
Occupancy: 100%


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

The subject property is situated on 2.62 acres on Columbia River Highway, which sees approximately 25,000 vehicles per day. The 100%-leased retail center has multiple tenants with extensive operating history at the location. Dollar Tree 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. Dollar Tree also recently upgraded the interior of their suite, further showing their commitment to the site. Sherwin-Williams just exercised their second option in November of 2021, further demonstrating the success of the tenant mix in the shopping center.

All tenants have performed well during the COVID-19 pandemic and all tenants are current and have not missed a rent payment. The oversized parcel has additional acreage behind the Dollar Tree, which could provide an investor with some potential upside through redevelopment or repositioning in the future.

Aerial Photograph of Gainer's Center Retail in St. Helens, Oregon

4.34M | Closed Transactions | Multi-Tenant | Net-Leased | Oregon | Portland-Vancouver MSA