1862 Palm Ave - Freestanding FOR SALE


San Diego, CA 92154
$4,954,500 USD
949-724-5552
1862 Palm Ave, San Diego, CA for Sale
$4,954,500 USD
Freestanding - FOR SALE
1/4
null | 5% Cap Rate

1862 Palm Ave
San Diego, CA 92154


HIGHLIGHTS

  • Dollar Tree – San Diego County, CA – Over 3.29 Million Residents
  • Investment Grade Credit – BB+ Standard and Poor’s Rating
  • Absolute NNN Lease – 8+ Lease Years Remaining in Primary Term
  • Inflation Resistant Cash Flows – 4% Increase in 2026 8% Increases in Each Option
  • Hard Corner Signalized Intersection Palm Ave (St Hwy 75) & Saturn Blvd – 94,000+ VPD
  • Strong Site Fundamentals – 14,577 SF Building on 1.14 Acre Parcel

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,954,500 USD

PRICE/SF

$300 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

C-1, San Diego

APN/PARCEL ID

627-080-13

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.