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    Dollar Tree NNN Investment Opportunity Title is generated by Realmo AI

    1862 Palm Ave, San Diego, CA

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    NNN leased Dollar Tree in San Diego for sale.

    Type:RETAIL
    Property size:
    14,577 SF
    Lot size:
    1.14 Acres
    Price / SF:
    $336/SF
    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

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    Listing Contact
    Jereme Snyder
    Jereme Snyder

    Listing agent Jereme Snyder License #01809955

    Listing office Colliers

    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

    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.

    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
    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 (±1% cap)
    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 (±1% cap)
    NOI $403,025 @ 7.0% cap · market cap 8.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    99 Cents Only ... Discount Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    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

    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).
    (949) 724-5552 Call to check price and availability
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