Discount
Dollar Tree in North Hollywood | RARE Los Angeles NNN Opportunity | Extremely Low Rent!
6639 Laurel Canyon Blvd, Los Angeles, CA 91606
Listing Price: $4,326,000
Investment 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.
Investment 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, the nearest national dollar store is located over 1.6-miles NW of the subject site
- 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 trade and residential area, with over 300,000 residents living within 3-miles of the site
- SMART & FINAL-ANCHORED SHOPPING CENTER: Strategically positioned within a busy, established retail center that benefits from cross-shopping and high daily traffic
Exclusively Listed By
Financing By
Discount
Dollar Tree in North Hollywood | RARE Los Angeles NNN Opportunity | Extremely Low Rent!
Listing Price: $4,326,000
Investment 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, the nearest national dollar store is located over 1.6-miles NW of the subject site
- 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 trade and residential area, with over 300,000 residents living within 3-miles of the site
- SMART & FINAL-ANCHORED SHOPPING CENTER: Strategically positioned within a busy, established retail center that benefits from cross-shopping and high daily traffic
Investment 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.
Exclusively Listed By
Financing By