Retail Property Leased to Dollar Tree

1250 N State St San Jacinto, CA 92583

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Retail property leased to Dollar Tree until February 2030.

Type:Retail
Property size:
10,000 SF
Lot size:
2.23 Acres
Price / SF:
$217/SF
Added:
Jun 16, 2022
Days on Market:
1488
Last Refresh:
Jul 4 at 12:19 pm

Property Features for 1250 N State St

General Information

Standard status
Active
Size
10,000 SF
Lot size
2.23 Acres
Property subtype
Retail

Building Details

Year Built
2020

Listing office CBRE LA

Listing date Jun 16, 2022

Source Crexi

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

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $216.0k $21.60
− Vacancy −$11.2k −$1.12
EGI $204.8k $20.48
− OpEx −$61.4k −$6.14
NOI $143.3k $14.33
10,000 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Retail
$2.05M
$1.79M – $2.39M (±1% cap)
NOI $143,338 @ 7.0% cap · market cap 6.59%
Second Best
Specialty Retail
$1.80M
$1.58M – $2.10M (±1% cap)
NOI $126,090 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M (±1% cap)
NOI $209,708 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Dollar Tree Discount Store

Suggested Use

Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Restaurant Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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
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