Dollar Tree | 1862 Palm Ave
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Dollar Tree 1862 Palm Ave
16,493 SF Retail Building San Diego, CA 92154 $5,152,700 ($312.42/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Dollar Tree – San Diego County, CA – Over 3.29 Million Residents
- #143 on Fortune 500 – Publicly Traded (NASDAQ: DLTR)
- Absolute NNN Lease – 8+ Lease Years Remaining in Primary Term
- Investment Grade Credit – BB+ Standard and Poor’s Rating
- Over 16,000 Stores Across the United States & Canada
- Inflation Resistant Cash Flows – 4% Increase in 2026 8% Increases in Each Option
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to present to investors a rare opportunity to acquire an absolute NNN leased Dollar Tree in San Diego, CA. Dollar Tree (NASDAQ: DLTR) is and investment grade tenant and Ranked #143 on the 2024 Fortune 500 with annual revenue exceeding $30 billion and over 16,000 Stores in the U.S. and Canada. This is a new store location currently under renovation with over 8 lease years remaining in the primary term with 8% rent increases every 5 years. The subject property is strategically positioned on the hard corner signalized intersection of Palm Avenue and Saturn Boulevard, which has a combine traffic count exceeding 94,000 VPD,
and is opposite the Home Depot and Walmart anchored Southland Plaza Shopping Center. Other nearby retailers include Vons, CVS Pharmacy, 7-Eleven, Bank of America, Wells Fargo, In-N-Out Burger, McDonald’s, Starbucks and more.
and is opposite the Home Depot and Walmart anchored Southland Plaza Shopping Center. Other nearby retailers include Vons, CVS Pharmacy, 7-Eleven, Bank of America, Wells Fargo, In-N-Out Burger, McDonald’s, Starbucks and more.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,493 SF
Building Class
C
Year Built
1980
Price
$5,152,700
Price Per SF
$312.42
Cap Rate
5%
NOI
$257,638
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
1.24 AC
Zoning
C-1, San Diego
Parking
55 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
121’ on Palm Ave
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 627-080-13 | Improvements Assessment | $1,425,131 |
| Land Assessment | $2,734,114 | Total Assessment | $4,159,245 |
PROPERTY TAXES
Parcel Number
627-080-13
Land Assessment
$2,734,114
Improvements Assessment
$1,425,131
Total Assessment
$4,159,245
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Dollar Tree | 1862 Palm Ave
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