Retail Property Leased to Dollar
For Sale
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1250 N State St, San Jacinto, CA 92583
Retail property leased to Dollar Tree until February 2030.
Property Size10,000 SF
Lot Size2.23 Acres
Price / SF$217.40
Days on Market1533
Property Features for 1250 N State St
General Information
Standard status
Active
Size
10,000 SF
Lot size
2.23 Acres
Property subtype
Retail
Zoning
C-2
Occupancy
100%
Lease Type
NNN
Net Operating Income
$125,000
Building Details
Year Built
2020
Tenancy
Single
Listing Agency:
CBRE LA
(239) 631-8788
Listed By:
Jenny Eng · License #CA 01931224
Source:
Crexi
Added: Jun 16, 2022
Changed: Aug 24
Last Checked: Aug 25 at 9:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE LA
Investment Insights
Based on property information with market context.
This 10,000 square foot retail property, constructed in 2020, is situated on a 2.23 acre lot. The property is currently leased to Dollar Tree, a major operator of single-price-point stores, through February 28, 2030. The lease commenced on November 12, 2019, with an initial 10-year term, followed by three 5-year renewal options.
Key Highlights
- Long‑term tenant (Dollar Tree) in place until February 28, 2030
- Leased to Dollar Tree, a premier national retailer
- Property built in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$143,338
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,866,760
$2.9M
Cap Rate 7%
$2,047,686
$2.0M
Cap Rate 9%
$1,592,644
$1.6M
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$216.0K $21.60/SF
− Vacancy
−$11.2K −$1.12/SF
EGI
$204.8K $20.48/SF
− OpEx
−$61.4K −$6.14/SF
NOI
$143.3K $14.33/SF
Area
Riverside County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,866,760
Cap Rate 7%
$2,047,686
Cap Rate 9%
$1,592,644
Alternative Uses
Best Use
Retail
$2.05M
$1.79M – $2.39M
NOI $143,338 @ 7.0% cap · market cap 6.59%
Second Best
Specialty Retail
$1.80M
$1.58M – $2.10M
NOI $126,090 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,708 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
182k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 25%
Groceries 23%
Stater Bros. Markets
Groceries
42,176 visits/mo
0.2 miles
Jack in the Box
Dining
25,079 visits/mo
0.1 miles
Starbucks
Dining
24,087 visits/mo
0.1 miles
Dollar Tree
Shops & Services
16,853 visits/mo
0.1 miles
Del Taco
Dining
11,054 visits/mo
0.2 miles
Demographics for 92583, CA
34,674
Population
10,397
Households
3.3
Avg Household Size
34
Median Age
13%
College-Educated
78%
High-School Grad
29.1 sq mi
ZIP Area
1,192
Density / Sq Mi
$63,582
Median Household Income
$37,128
Median Earnings
$1,501
Median Rent
$339,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail property leased to Dollar Tree until February 2030.
Where is this grocery and convenience store located?
The property is located at 1250 N State St San Jacinto, CA.
What is the asking price?
The asking price for this property is $2,174,000.
What are key features of this property?
This property features: Long‑term tenant (Dollar Tree) in place until February 28, 2030; Leased to Dollar Tree, a premier national retailer; Property built in 2020
