516 E 2nd St
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 listed this property and runs its day-to-day operations — tenants, upkeep, and rent collection — so shareholders never carry the landlord workload themselves.
Due Diligence Documents
Offering Details
The Market
The Dalles offers a mix of neighborhood livability, local employment, and day-to-day amenities that support long-term housing demand. Ask Lofty AI to compare this market against any other on the platform.
Property Updates
- Property Update (10/19/2024):
- 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
N/A/5 (0 reviews)Investors haven't shared their experience with this property yet.
Frequently Asked Questions
How Lofty works+
Each property is held by its own LLC and divided into shares recorded on chain. Buy as few or as many as you like, collect rent daily, and trade on the order book anytime.
What returns can I expect, and how often are rental payments distributed to investors?+
Your share of net rent accrues every day, and appreciation is realized when you sell. Every listing shows its projected yield and full expense breakdown.
How does leverage work?+
Some properties carry a loan. Debt boosts cash-on-cash returns when rents outrun the payment — and cuts the other way when they don’t. Leveraged listings show the balance in Financials.
How are property decisions made?+
Big decisions — repairs, refinancing, selling — go to a shareholder vote through the property’s governance DAO, with results executed by the managing agent.
Where can I communicate with the other co-owners?+
Every property has an owners’ discussion space where co-owners talk through upcoming votes and updates.
Need Help?
Have other questions? Learn how Lofty works
Demo settlement — no real transaction.