6639 Laurel Canyon Blvd - Storefront FOR SALE


North Hollywood, CA 91606
$4,326,000 USD
818-907-9525
6639 Laurel Canyon Blvd, North Hollywood, CA for Sale
$4,326,000 USD
Storefront - FOR SALE
1/8
null | 4.5% Cap Rate

6639 Laurel Canyon Blvd
North Hollywood, CA 91606


HIGHLIGHTS

  • ABSOLUTE NNN LEASE: Passive ownership with zero landlord responsibilities, providing a stable “hands off” investment
  • PROVEN LOCATION & LIMITED COMPETITION: Long standing dollar store location ensures strong customer loyalty
  • BELOW MARKET RENT: Offers future upside for development opportunity should the tenant ever vacate
  • INVESTMENT-GRADE TENANCY: Strong corporate guaranty, backed by Dollar Tree, Inc. (S&P: BBB), a leading national retailer with over 8,800 stores
  • DENSELY POPULATED LOS ANGELES SUBURB: North Hollywood is a highly populated San Fernando Valley area, with over 300k residents within 3-miles
  • SMART & FINAL-ANCHORED SHOPPING CENTER: Strategically positioned within a busy retail center that benefits from cross-shopping and high daily traffic

OVERVIEW

This offering presents a rare opportunity to acquire an investment grade net leased property in North Hollywood, CA. The absolute NNN lease provides truly passive ownership with zero landlord responsibilities. The asset is located in a proven, long-standing retail location with strong customer loyalty and limited competition, as the nearest national dollar store is over 1.6 miles away. The lease is currently well below market rent, offering significant future upside potential, including redevelopment opportunities should the tenant ever vacate. Dollar Tree, Inc. (S&P: BBB) provides an investment-grade corporate guaranty, ensuring security and stability from one of the nation’s leading discount retailers with over 8,800 stores. Situated in the heart of the San Fernando Valley, the property benefits from a densely populated trade area with more than 300,000 residents within a 3-mile radius. Further enhancing its appeal, the site is strategically positioned within a Smart & Final-anchored shopping center, drawing consistent foot traffic and benefitting from strong cross-shopping synergies with other established retailers.

FOR SALE DETAILS

PRICE

$4,326,000 USD

PRICE/SF

$361 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Dollar Tree in North Hollywood, CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Drug Store, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

LAC2

APN/PARCEL ID

2322-004-071

ASK ABOUT THIS PROPERTY

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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