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dd's Discounts 6031-6039 Florence Ave 27,433 SF Retail Building Bell Gardens, CA 90201 $12,752,060 CAD ($464.84 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

$12,752,060 CAD

Price Per SF

$464.84 CAD

Cap Rate

NOI

$765,124 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 REMISES a ouvert son premier magasin en 2004 en tant qu'endroit où faire du magasinage et économiser dans le quartier. L'entreprise fait partie de la famille Ross, de sorte que les acheteurs savent tout sur la façon d'offrir chaque jour de bonnes affaires sur les vêtements, les chaussures, la décoration intérieure, la mode, les jouets et bien plus encore. Les dd ont les allures et les marques que leurs clients aiment, à des prix bien inférieurs à ceux des autres détaillants. Les magasins sont idéalement situés dans les centres commerciaux de quartier afin que les clients puissent commencer et terminer leurs achats près de chez eux. dd vise à offrir à ses clients des offres incroyables sur les modes les plus en vogue et sur des produits pour la maison de qualité. Il n'est donc pas surprenant que dd's signifie Deep Discounts.