Dollar Tree Absolute NNN Lease

The Snyder Carlton National Net Lease Team is pleased to present to investors an excellent opportunity to acquire a single tenant absolute NNN leased Dollar Tree in North Hollywood, CA. Dollar Tree (NASDAQ: DLTR) was ranked #143 on the 2024 Fortune 500 with annual revenue exceeding $30 billion and over 16,000 Stores in the U.S. and Canada. With 3 lease years remaining in the primary term, four 5-year option periods, 8% rent increases every 5 years and zero landlord responsibilities, this asset is ideal for a 1031 exchange or a coupon clipper seeking years of inflation resistant cash flows.

The 12,000 SF building on 0.85-acre parcel is strategically positioned on the hard corner signalized intersections of Laurel Canyon Blvd, Kittridge St and Archwood St which have a combined traffic count exceeding 30,000 VPD. Additionally, the subject property is three quarters of a mile from NOHO West, a 25-acre lifestyle center with over 260,00 SF of retail and office space and 640 multi-family residential units. Hollywood Highway (CA-170) is less than a quarter mile away which sees over 211,800 VPD. Nearby retailers include The Home Depot, Costco Business Center, Smart & Final Extra!, Superior Grocers, ULTA Beauty, Trader Joe’s, Wells Fargo, Chase Bank, 7-Eleven, McDonald’s, In-N-Out, Starbucks, Jack in the Box, Carl’s Jr. and more.