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6031-6039 Florence Ave
Bell Gardens, CA 90201
dd's Discounts · Retail Property For Sale
Investment Highlights
- dd’s Discounts, with its parent company Ross Dress for Less, Inc. has a market cap of $42.8 billion, 2024 revenue of $21.1 billion
- Long-term, corporate NNN Lease with upside potential and minimal management obligation: a true coupon clipper
- The dense, infill Los Angeles location will limit future competition from new development; there is no commercial land left for development
- Single-tenant, NNN corporate lease provides for minimal management obligations for a new investor
- Centrally located intersection within Bell Gardens, with quick access to major Southern California freeway networks including the I-710, I-5 & I-605
Executive Summary
6039 Florence Avenue presents a rare opportunity to acquire a 100% single-tenant NNN lease investment retail asset in the heart of Bell Gardens, CA. Occupied by dd’s DISCOUNTS (NYSE: ROST), a national credit tenant with over 2,100 locations, this high-performing single-tenant property offers an investor a stable and predictable income stream. dd’s DISCOUNTS recently exercised a five-year option and currently has approximately 5.5 years of remaining lease term, along with three (3) five-year options, each with embedded rental increases. Strategically positioned along Florence Avenue—a major east-west thoroughfare with 37,000+ vehicles per day—and surrounded by major national retailers, the property benefits from exceptional visibility, strong consumer draw, and zero big-box vacancy in the trade area. With a corporate-backed lease, minimal management responsibilities, and a dense, infill Los Angeles location, this asset is an ideal 1031 exchange up-leg or long-term hold for investors seeking durable income, inflation protection, and strong real estate fundamentals.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
27,433 SF
Building Class
C
Year Built/Renovated
1964/2015
Price
$9,373,000
Price Per SF
$341.67
Cap Rate
6%
NOI
$562,380
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
1.84 AC
Zoning
BGC4*
Parking
98 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
333’ on Florence Ave
Property Taxes
| Parcel Number | 6329-008-048 | Improvements Assessment | $1,382,123 |
| Land Assessment | $2,884,437 | Total Assessment | $4,266,560 |
Property Taxes
Parcel Number
6329-008-048
Land Assessment
$2,884,437
Improvements Assessment
$1,382,123
Total Assessment
$4,266,560
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