6031-6039 Florence Ave - Storefront FOR SALE


Bell Gardens, CA 90201
$9,781,000 USD
714-504-0262
6031-6039 Florence Ave, Bell Gardens, CA for Sale
$9,781,000 USD
Storefront - FOR SALE
1/6
null | 5.75% Cap Rate

6031-6039 Florence Ave
Bell Gardens, CA 90201


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
  • Single-tenant, NNN corporate lease provides for minimal management obligations for a new investor
  • Long-term, corporate NNN Lease with upside potential and minimal management obligation: a true coupon clipper
  • Centrally located intersection within Bell Gardens, with quick access to major Southern California freeway networks including the I-710, I-5 & I-605
  • The dense, infill Los Angeles location will limit future competition from new development; there is no commercial land left for development

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$9,781,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

dd's Discounts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

98

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

BGC4*

APN/PARCEL ID

6329-008-048

ASK ABOUT THIS PROPERTY

Arthur FloresCBRE, Inc.More Info
714-504-0262

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Arthur FloresCBRE, Inc.More Info
714-504-0262

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.