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.