Listed by Lee & Associates - LA North - Calabasas
$2,799,000
10701 Burbank Blvd
Details
APN 2415-019-021
Property Type Retail
Sub Type Commercial, Freestanding
Square Footage 1,802
Cap Rate 7.30%
NOI $204,000
Tenancy Single
Brand/Tenant Valley Oppportunities, LLC dba Swish Cannabis
Lease Type NNN
Lease Term 10
Lease Options Option 1: 5 years —2% of previous month’s rent, Option 2: 5 years —2% of previous month’s rent
Class A
Year Built 1951
Year Renovated 2023
Lot Size (SqFt) 5,894
Zoning LAC2
Parking Spaces 10 spaces
Parking per 1,000 SqFt 5.55
Retail | 7.30% CAP | 1,802 SqFt
Marketing description
Lee & Associates is pleased to present 10701 Burbank Blvd., North Hollywood, CA—a rare opportunity to acquire a fully stabilized, single tenant retail cannabis dispensary with exceptional financial performance.
This ±1,802 SF freestanding retail building sits on a highly visible corner with excellent parking, easy ingress and egress, and strong street presence. The property is impeccably maintained and features modern architecture, professional signage, and strong curb appeal.
The tenant, Swish Cannabis, is a locally owned and operated dispensary led by experienced entrepreneurs in the cannabis space. Their commitment to customer service is evident in both their stellar online reviews and strong financials. This is a true turn-key, NNN investment in a dynamic and growing sector.
Investment highlights
- 10701 Burbank Blvd., North Hollywood is home to a high-performing, Class A cannabis dispensary known for outstanding customer service and operational excellence. The tenant has strong financials and is professionally managed, with a loyal customer base and excellent online ratings.
- The property features generous parking, easy access, and a modern, customer-focused design that enhances the retail experience. This is a rare opportunity to acquire a fully stabilized NNN investment with no landlord obligations, anchored by a long-term lease in a dynamic, high-demand submarket.
- Retail amenities within close proximity to Numerous amenities and Burbank entertainment industry
- NNN lease
- Quality tenant
- strong financials
- 5-star reviews
- Abundant parking
- Easy ingress and egress
- Outstanding street presence
- Annual increases: 2%
- Lease form air single tenant net
- Option 1 5 years 2% of previous month’s rent
- Option 2 10 years 2% of previous month’s rent
Listing Contacts
Listed by Lee & Associates - LA North - Calabasas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$204,000.00
$17,000.00/mo
Valuation Metrics
0
DSCR
7.29%
Cap Rate
7.29%
ROI
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