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Dollar Tree

1862 Palm Avenue, San Diego, CA 92154

$5,215,000

Cap Rate 4.75%

Views: 111 DOM: 95 Updated: 10.22.24 Posted: 09.17.24 Status: Active

Summary

Price $5,215,000
Built/Renov 1980/2024
Tenant Dollar Tree
Cap Rate 4.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,577
Lease Start 03-27-2019
#Units 16,700
Price/SF $357.76
Expiration 01-31-2032
Tenant Type Dollar/Discount
NOI $247,729
R. Term 7.1
Ownership Fee Simple
Rent/SF $16.99
Increases 4.0%/2/yrs
Pop 5Mi 277,879
Lot/AC 1.14
Options 4/5yrs/8%
AHHI 5Mi $102,578

Jereme Snyder
Colliers NNN Group
Contact

Eric Carlton
Colliers NNN Group
Contact

Lease Highlights

  • Currently undergoing renovations
  • Dollar Tree has 7+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features a rental increase of 4% in 2026 and 8% increases in each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree is strategically located at the signalized, hard corner intersection of Palm Avenue and Saturn Boulevard, with access to a combined daily traffic count of 94,000 vehicles. The property is situated opposite Southland Plaza Shopping Center and is close to prominent national retailers, including The Home Depot, Walmart, Vons, CVS Pharmacy, 7-Eleven, and Bank of America. The 5-mile...

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Key Features

  • Signalized intersection

  • Recent renovation

  • High traffic 50M+ VPD

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Dollar Tree Wikipedia Dollar Tree Wikipedia San Diego, California Zip Code 92154 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar Tree (NASDAQ: DLTR) is a leading operator of retail discount stores. They offer a variety of discounted merchandise under the brand names of Dollar Tree, Family Dollar and Dollar Tree...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 21,872 151,718 287,398
2023 Total Population : 22,026 152,510 281,160
2023 Employed Civilian Pop : 9,835 66,648 126,082
2023 Total Businesses : 849 4,038 8,129
2023 Average Household Income : $ 81,366 $ 85,255 $ 95,321
2023 Total Consumer Spending : $ 465 M $ 3444 M $ 7116 M
2023 Median Age : 33 34 35
2023 Total Households : 6,630 46,472 86,392
2023 Pop Age 25+: Bachelor's Degree : 1,798 12,042 27,132
2023 Average Home Value : $ 476,741 $ 567,703 $ 623,070
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
19th St State Hwy75 2016 22,619 0.04 mi
Palm Ave Alice St 2016 51,000 0.06 mi
19th St Conifer Ave 2017 37,102 0.08 mi
19th St Ave del Mexico 2017 20,890 0.09 mi
75 2018 70,000 0.10 mi
Palm Ave 19th St 2017 73,584 0.10 mi
75 19th St 2018 53,000 0.16 mi
19th St Carol St 2013 22,100 0.16 mi
Palm Ave Thermal Ave 2017 47,325 0.19 mi
Palm Ave 19th St 2014 29,500 0.19 mi

Listing Broker

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