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NNN Dollar Tree in North Hollywood, CA 6639 Laurel Canyon Blvd 12,000 SF Retail Building North Hollywood, CA 91606 $5,980,695 CAD ($498.39 CAD/SF) 4.50% Cap Rate

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
12,000 SF
Building Class
C
Year Built
1952
Price
$5,980,695 CAD
Price Per SF
$498.39 CAD
Cap Rate
4.50%
NOI
$269,156 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.85 AC
Zoning
LAC2 - Commercial
Parking
76 Spaces (6.33 Spaces per 1,000 SF Leased)
Frontage
79’ on Laurel Canyon Blvd

AMENITIES

  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

At Dollar Tree, they are working hard to create an environment where shopping is fun… a place where customers can discover new treasures every week… a store where entire families can enjoy hunting for that special something. They bring it all to people in stores that are bright and well lit, clean and well organized… and stocked with the items people are looking for! Just as important, especially during these tough economic times, they continue to offer customers the products they need at extreme values! They are expanding assortment of merchandise, constantly bringing people new and exciting items. Some of the product departments people find at a Dollar Tree store in Canada include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and more!

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Walk Score®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Planet Fitness
Bank of America
Smart & Final
U.S. Bank
Chase Bank
Starbucks
IHOP
Rent-A-Center
Waba Grill
Trader Joe's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2322-004-071
Land Assessment
$4,031,688 CAD
Improvements Assessment
$1,268,928 CAD
Total Assessment
$5,300,616 CAD
  • Listing ID: 37960731

  • Date on Market: 2025-10-06

  • Last Updated:

  • Address: 6639 Laurel Canyon Blvd, North Hollywood, CA 91606

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