1862 Palm Ave San Diego, CA 92154

This exceptional investment opportunity presents a 14,577-square-foot Dollar Tree located at 1862 Palm Ave, San Diego, CA 92154. The property boasts a prominent location on a hard-corner, signalized intersection of Palm Avenue and Saturn Boulevard, experiencing a combined traffic count exceeding 94,000 vehicles per day. This strategically positioned retail space is directly across from the Southland Plaza Shopping Center, anchored by Home Depot and Walmart, and surrounded by other major retailers including Vons, CVS, 7-Eleven, and numerous national brands. The property is currently undergoing renovations and operates under a Net Lease (NNN) agreement with Dollar Tree (NASDAQ: DLTR), an investment-grade tenant. The lease commenced on March 27, 2019, and has a remaining term of approximately 7.2 years, expiring January 31, 2032. The lease includes rent increases of 8% every five years. The property's Net Operating Income (NOI) is $247,729, resulting in a 4.75% cap rate. The asking price is $5,215,000. The 1.14-acre lot is situated in a densely populated area with over 277,879 residents within a 5-mile radius and an average household income exceeding $102,578 within the same radius. This presents a compelling investment opportunity with strong cash flow and significant upside potential.