10701 Burbank Blvd - Storefront FOR SALE


North Hollywood, CA 91601 | 
$2,669,000 USD
760-448-2449
10701 Burbank Blvd, North Hollywood, CA for Sale
$2,669,000 USD
Storefront - FOR SALE
1/13
null | 7.64% Cap Rate

10701 Burbank Blvd
North Hollywood, CA 91601


HIGHLIGHTS

  • Swish Cannabis – Established Cannabis Operator Led by Established Cannabis Entrepreneurs – Strong Store Performance
  • Long-Term NNN Lease – Attractive Rent Growth – No Landlord Obligations
  • High-Quality Retail Asset – Fully Renovated in 2023 – Prominent Corner Positioning
  • Strategic Hollywood Location – Major Entertainment Hub – Proximity to Warner Bros., Disney, and Universal Studios
  • Dense Infill Trade Area – 526,000+ Residents within 5 Miles – Median Housing Values Exceed $1 Million with 3 and 5 Miles

OVERVIEW

Lee & Associates is pleased to exclusively offer for sale the fee simple interest in a fully renovated, single-tenant Swish Cannabis property located at 10701 Burbank Boulevard in North Hollywood, California. The property consists of an approximately 1,802-square-foot freestanding retail building situated on 0.14 acres and was comprehensively renovated in 2023. The property is leased to Valley Opportunities, LLC, doing business as Swish Cannabis, a locally owned and operated dispensary. The sale-leaseback features a new 10-year NNN lease commencing upon close of escrow with 2% annual rent increases and two five-year renewal options.

FOR SALE DETAILS

PRICE

$2,669,000 USD

PRICE/SF

$1,481 USD /SF

CAP RATE

7.64%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Swish

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,897 SF

ZONING

LAC2

APN/PARCEL ID

2415-019-021

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.