6021 Florence Ave
Bell Gardens, CA 90201
6021 E. Florence Avenue · Retail Property For Sale

* Quintessential Value-Add Strip Center Opportunity– With long-term occupancy, below market rents, and a diverse and synergistic tenant mix, all at below replacement cost pricing – retail investments like this are few and far between, particularly in infill Los Angeles County

* Long-Term Occupancy with Below Market Leases – The combination of long-term occupancy and below market rents proves the viability of this location and provides tenants with lower occupancy costs, enhancing the potential for continued long-term success

* Strong Shadow Anchor Tenant – The property is shadow anchored by dd’s Discounts, operated by publicly traded Ross Stores, Inc. (NASDAQ: ROST) and one of the most dominant soft goods retailers in the industry – dd’s Discounts is a demographic match for this location and a driver of customers to this larger retail center.

* According to Placer.ai, this dd’s Discounts location ranks in the top 81st percentile in the chain by foot traffic

* Short-Term Leases with Below Market Rents and Structures – All tenants are on gross leases or leases with fixed CAM and paying below market rents (approximately 19% property wide) - with near-term lease expirations and fair market value option periods, an investor can potentially roll rents to market and NNN structures to increase income

* High-Visibility Retail Destination with Regional Draw – Strategically positioned ½ mile from I-710 Freeway (212,000+ cars per day) between Long Beach and Los Angeles, the property benefits from exceptional visibility and accessibility, serving the daily needs of the local community while also attracting consumers from the broader Los Angeles trade area