Retail Property Leased to Dollar
1250 N State St, San Jacinto, CA 92583
Retail property leased to Dollar Tree until February 2030.
Type:Retail
Property size:
10,000 SFLot size:
2.23 AcresPrice / SF:
$217/SF- Added:
- Jun 16, 2022
- Days on Market:
- 1431
- Last Refresh:
- Mar 25 at 8:25 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 agent Jenny Eng License #CA 01931224
Listing office CBRE - Glendale
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 - Glendale
HighLights
- Long‑term tenant (Dollar Tree) in place until February 28, 2030
- Leased to Dollar Tree, a premier national retailer
- Property built in 2020
- 10,000 square foot property
- Situated on a 2.23 acre lot
- Lease includes 3 subsequent 5‑year renewal options
Overview
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.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.59M
NOI $143,338 @ 9.00% cap · cautious / downside scenario
Moderate
$2.05M
NOI $143,338 @ 7.00% cap · market / base-case scenario
Aggressive
$2.87M
NOI $143,338 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| 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 Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dollar Tree
Discount Store
Location Insight
- Map
- Local Demand
- City
- San Jacinto
- County
- Riverside
- State
- California
- Longitude
- -116.9730766
- Latitude
- 33.803693
Nearby Similar for Sale
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
