For Sale
$2,174,000

1250 State StSan Jacinto, CA 92583

Dollar Tree NNN Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 10,000-square-foot storefront in San Jacinto, CA, currently leased to Dollar Tree under a triple-net (NNN) lease. The property, built in 2020, sits on a substantial 61,420-square-foot lot (approximately 2.23 acres) and is zoned C-2. The current lease, commenced November 12, 2019, has a remaining term of approximately eight years, expiring February 28, 2030. The lease includes three five-year renewal options, providing significant long-term stability. With a 100% occupancy rate and a strong net operating income (NOI) of $125,000, this property boasts a compelling 5.75% cap rate. The asking price is $2,174,000, translating to $250 per square foot. This is a single-tenant property offering a secure, passive income stream with a nationally recognized tenant. The property's address is 1250 N State St, San Jacinto, CA 92583, and its Assessor's Parcel Number (APN) is 433-291-049. This represents a rare opportunity to acquire a well-located, high-performing retail asset with substantial long-term potential. The property's prime location and the strength of the Dollar Tree lease make this an attractive investment for discerning buyers seeking a stable and profitable addition to their portfolio.

Highlights

  • $2,174,000 asking price for a 10,000 square foot retail storefront.
  • NNN lease with Dollar Tree, a single tenant.
  • 10-year lease with three 5-year renewal options; lease expires February 28, 2030.
  • $125,000 annual NOI, resulting in a 5.75% cap rate.
  • Located at 1250 N State St, San Jacinto, CA 92583, on a 61,420 square foot lot (2.23 acres).
  • Built in 2020, with C-2 zoning.

Property Details for 1250 State St

Property type
Retail properties, Retail space
Square Feet
10,000 SF
Year Built
2020

Location Insight

City
San Jacinto
County
Riverside
State
California
Latitude
33.8039774
Longitude
-116.9731465
1250 State St, San Jacinto, California

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1250 State St
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