Dollar Tree NNN Investment
1862 Palm Ave San Diego, CA
For Sale
Contact for pricing
NNN leased Dollar Tree in San Diego for sale.
Property Size14,577 SF
Lot Size1.14 Acres
Price / SF$336.63
Days on Market319
Property Features for 1862 Palm Ave
General Information
- Standard status
- Active
- Size
- 14,577 SF
- Lot size
- 1.14 Acres
- Property subtype
- RETAIL
Listing Agency:
Colliers
(949) 724-5552
Listed By:
Jereme Snyder · License #01809955
(949) 724-5552
Source:
Moodyscre
Added: Sep 10, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:57AM
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
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a Dollar Tree property in San Diego, CA. Dollar Tree (NASDAQ: DLTR) is an investment-grade tenant, ranked #143 on the 2024 Fortune 500, with annual revenue exceeding $30 billion and over 16,000 stores in the U.S. and Canada. This is a new store location currently under renovation with over 8 lease years remaining in the primary term, featuring 8% rent increases every 5 years. The property is strategically positioned on the hard corner signalized intersection of Palm Avenue and Saturn Boulevard, which has a combined traffic count exceeding 94,000 VPD, and is opposite the Home Depot and Walmart anchored Southland Plaza Shopping Center. Other nearby retailers include Vons, CVS Pharmacy, 7-Eleven, Bank of America, Wells Fargo, In-N-Out Burger, McDonald’s, and Starbucks. The property size is 14577 square feet.
Key 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).
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 |
14,577 SF · lease $36.00/SF/yr · vacancy 4.21% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.03M
$4.40M – $5.86M
NOI $351,875 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.76M
$5.04M – $6.72M
NOI $403,025 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
99 Cents Only ...
Discount Store
Similar Off Market 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
FAQs
What type of property is this?
Storefront property - NNN leased Dollar Tree in San Diego for sale.
Where is this storefront property located?
The property is located at 1862 Palm Ave San Diego, CA.
What is the asking price?
The asking price for this property is $4,907,000.
What are key features of this property?
This property features: 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).
