Listed by CBRE LA
$2,174,000
1250 N. State St.
Details
APN 433-291-049
Property Type Retail
Sub Type Storefront
Square Footage 10,000
Net Rentable (SqFt) 10,000
Cap Rate 5.75%
NOI $125,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NNN
Lease Term 10
Lease Expiration 02/28/2030
Remaining Term 8
Lease Options 5-year renewal options
Price per SqFt $250
Year Built 2020
Lot Size (SqFt) 61,420
Zoning C-2
Lease Commencement 11/12/2019
A Stellar Long-Term Tenant in Place Until 2030
Marketing description
A STELLAR LONG-TERM TENANT IN PLACE UNTIL 2030
Built in 2020 on a 2.23 acre lot, the 10,000 square foot property is currently leased to Dollar Tree, the country’s premier operator of single-price-point dollar stores, through February 28, 2030. The lease terms are an initial 10-year lease, which began on November 12, 2019, followed by 3 subsequent 5-year renewal options.
Listing Contacts
Listed by CBRE LA
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$125,000.00
$10,416.67/mo
Valuation Metrics
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DSCR
5.75%
Cap Rate
5.75%
ROI
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Zoning
CG CommercialGeneral CommercialCommercial General
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