1862 Palm Ave, San Diego, CA
NNN leased Dollar Tree in San Diego for sale.
- Added:
- Sep 10, 2025
- Days on Market:
- 274
- Last Refresh:
- May 20 at 9:31 pm
Property Features for 1862 Palm Ave
General Information
- Standard status
- Active
- Size
- 14,577 SF
- Lot size
- 1.14 Acres
- Property subtype
- RETAIL
Listing agent Jereme Snyder License #01809955 (949) 724-5552
Listing office Colliers (949) 724-5552
Listing date Sep 10, 2025
Source Moodyscre
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 Colliers
HighLights
- Absolute NNN Lease: Enjoy a hands‑off investment.
- Investment‑Grade Tenant: Leased to Dollar Tree (NASDAQ: DLTR), a Fortune 500 company.
- Strategic Location: Hard corner at a signalized intersection of Palm Avenue and Saturn Boulevard with high traffic count (94,000 VPD).
- New Store Location: Currently under renovation, offering a modern retail space.
- Strong Lease Term: Over 8 years remaining in the primary term with scheduled rent increases.
- High‑Traffic Retail Corridor: Located opposite Home Depot and Walmart anchored Southland Plaza Shopping Center and surrounded by other national retailers.
Overview
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 | $524.8k | $36.00 |
| − Vacancy | −$22.1k | −$1.52 |
| EGI | $502.7k | $34.48 |
| − OpEx | −$150.8k | −$10.35 |
| NOI | $351.9k | $24.14 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- San Diego Edible Fruit Designs — 1774 Dahlia Ave, San Diego, CA 92154
- American Wholesale Flowers — 2244 Main St Ste 1, Chula Vista, CA 91911
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.094
- Latitude
- 32.586