1505 S Pacific Ave
San Pedro, CA 90731
STNL - DOLLAR TREE | PORT OF LOS ANGELES · Retail Property For Sale

CBC Advisors is proud to present a state-of-the-art single tenant Net lease Investment, corporate guaranteed by Dollar Tree, Inc (NASDAQ:DLTR). This is a high-volume store for Dollar Tree and strategically located on San Pedro's major thoroughfare; Pacific Avenue to service a dense, local clientele. RENTAL INCREMENTS AND LONG TERM LEASE: The current rent of $17.25 per square foot (per year) is considered very sustainable for a newly built mid box retailer in a high density infill area. Rent increases every 5 years with the next increase occurring in October 2019. The Buyer of this passive income investment with minimal landlord responsibilities will enjoy a stable income stream from a 7.5 year lease (7 years and 8 months remaining on the initial term) with two 5 year extension options at the end of the initial term. TENANT DEDICATION & PROVEN TRACK RECORD: State of the art improvements include: - The building was structurally and seismically retrofitted to the newest City of Los Angeles codes, applicable at the time of permitting. - New concrete flooring through out the entire building. - New parapets and stucco. - New storefronts, doors, and windows. - New concrete parking lot. - New Landscaping, - New bathrooms, plumbing, HVAC, and electrical through out the entire building. - New parking lot lights. STRONG CORPORATE GUARANTOR: - The Dollar Tree Corporation generated revenues of +/- $15.5 Billion in 2016, nearly double from 2015's $8.6 Billion. - There are roughly 14,000 stores in the US and Canada, with a corporate plan to open 7,000 more. - Dollar Tree is one of the highest credit rated fixed price-point retailers in the world.