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dd's Discounts 6031-6039 Florence Ave 27,433 SF Retail Building Bell Gardens, CA 90201 $9,373,000 ($341.67/SF) 6% Cap Rate
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* - Heavy Commercial
Parking
98 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
333’ on Florence Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jan 2031
dd's DISCOUNTS began in 2004 as an off-price retail banner within the Ross family of companies. The company sells clothing, shoes, home decor, toys, bed and bath, kitchen and dining, and home improvement merchandise, with stores designed for neighborhood shopping centers and fresh merchandise arriving daily. The company has grown to a network of more than 300 stores and supports local communities through hiring programs, youth initiatives, and partnerships with Boys & Girls Clubs of America and First Book.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Jan 2031 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
Nearby Major Retailers
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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dd's Discounts | 6031-6039 Florence Ave
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