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NNN Dollar Tree in North Hollywood, CA 6639 Laurel Canyon Blvd 12,000 SF Retail Building North Hollywood, CA 91606 $5,988,958 CAD ($499.08 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
$5,988,958 CAD
Price Per SF
$499.08 CAD
Cap Rate
4.50%
NOI
$269,528 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

Dollar Tree is a U.S.-based discount variety retailer headquartered in Chesapeake, Virginia. The company traces its origins to 1953, with its modern Dollar Tree format established in 1986 under the name Only $1.00. It adopted the Dollar Tree name in 1991 and has since expanded across the United States and Canada. Dollar Tree operates retail stores that sell a broad assortment of consumable goods, household products, seasonal merchandise, party supplies, and basic grocery items at fixed or limited price points. The company became publicly traded in 1995 and is listed on the NASDAQ under the ticker symbol DLTR. Over time, Dollar Tree has pursued growth through store expansion and strategic acquisitions, establishing itself as a major value-oriented retailer within the consumer defensive sector. The company reports financial results through public filings and maintains centralized oversight of real estate strategy, store development, and lease administration through its corporate offices.

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
$3,991,040 CAD
Improvements Assessment
$1,256,135 CAD
Total Assessment
$5,247,174 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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