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dd's Discounts 6031-6039 Florence Ave 27,433 SF Retail Building Bell Gardens, CA 90201 $13,083,959 CAD ($476.94 CAD/SF) 6% Cap Rate

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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

Storefront

Building Size

27,433 SF

Building Class

Year Built/Renovated

1964/2015

Price

$13,083,959 CAD

Price Per SF

$476.94 CAD

Cap Rate

NOI

$785,038 CAD

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

MAJOR TENANTS

Retailer
-
-
Triple Net
Jan 2031

dd’s Discounts is an off-price retail chain specializing in affordable apparel, footwear, and home merchandise. The brand was launched in 2004 as part of Ross Stores, Inc., targeting customers seeking moderately priced products at significant discounts. dd’s Discounts operates under the same off-price model as Ross Dress for Less but focuses on neighborhood-based locations and value-driven assortments. The company offers clothing for men, women, and children, along with home décor, toys, and seasonal items. Headquartered in Dublin, California, dd’s Discounts is a subsidiary of Ross Stores, Inc., which trades publicly on NASDAQ under the ticker symbol ROST. The chain has expanded steadily since inception and continues to grow across the United States.