Swish Cannabis Dispensary | North Hollywood, CA

Premier Net-Lease Commercial Investment: Swish Cannabis Dispensary | North Hollywood, CA

Lee & Associates is pleased to exclusively present the fee simple interest for sale in a fully renovated, single-tenant commercial retail property located at 10701 Burbank Boulevard in North Hollywood, California. Operating as Swish Cannabis, a high-performing Class A licensed dispensary, this prime real estate asset offers passive investors stable, long-term cash flow secured by a brand-new 10-year Triple-Net (NNN) sale-leaseback commencing at the close of escrow.

Exceptional NNN Lease Dynamics & Strong Financial Returns

Priced at $2,699,000, the investment delivers an attractive 7.60% Cap Rate with an initial Net Operating Income (NOI) of $204,000. The underlying lease structure features zero landlord management responsibilities, 2% annual rental increases to hedge against inflation, and two additional 5-year renewal options. The business is operated by Valley Opportunities, LLC, a well-established local operator backed by strong store-level financials and a loyal customer base.

Property & Investment Specifications

• Property Address: 10701 Burbank Blvd, North Hollywood, CA 91601

• Offering Price: $2,699,000

• Cap Rate: 7.60%

• Net Operating Income (NOI): $204,000

• Property Type / Sub-Type: Commercial Retail / Single-Tenant Dispensary

• Gross Leasable Area (GLA): 1,802 Sq. Ft.

• Price Per Square Foot: $1,497 / SF

• Lot Area: 0.14 Acres (6,098 Sq. Ft.)

• Year Built / Comprehensive Renovation: 1951 / 2023

• Lease Structure: Triple-Net (NNN Sale-Leaseback)

• Initial Lease Term: 10 Years Remaining

• Rent Escalations: 2% Annual Increases

• Renewal Options: Two (2) 5-Year Options

Prime Corner Location & Exceptional Infill Demographics

Comprehensively updated in 2023 with modern Class A retail finishes, the freestanding 1,802-square-foot facility enjoys prominent hard-corner visibility at the intersection of Burbank Boulevard and Cartwright Avenue, capturing over 24,260 vehicles per day.

Situated in the heart of the North Hollywood commercial submarket, the property is surrounded by dense, high-income residential neighborhoods and major employment drivers:

• Dense Urban Population: Over 262,000 residents and 135,600 daytime employees live and work within a 3-mile radius, expanding to more than 538,000 residents within 5 miles.

• Affluent Trade Area: Average household incomes exceed $137,000 within 3 miles and $144,000 within 5 miles.

• Unmatched Transit & Regional Connectivity: Offers quick access to the CA-170 and US-134 freeways, Hollywood Burbank Airport, and the North Hollywood Metro Station.

• Proximity to Major Employment Hubs: Located minutes from top entertainment employers—including Warner Bros., Walt Disney Studios, and Universal Studios—as well as premier regional retail centers like NoHo West, Burbank Empire Center, and Burbank Town Center.