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24985483
24985484

6039 Florence Avenue, Bell Gardens, CA 90201

JG
CA CA 01364065
CBRE - Orange County
AF
CA 01423821
CBRE - Orange County
JK
CA 01052330
CBRE - Orange County
KK
CA 02068777
CBRE - San Jose
Listed by CBRE - Orange County, CBRE - San Jose
$9,373,000
316 days on market
Updated 70 days ago

dd's Discounts

Details
APN 6329-008-048
Property Type Retail
Sub Type Storefront
Square Footage 27,433
Cap Rate 6%
NOI $562,380
Occupancy 100%
Tenancy Single
Brand/Tenant dd's Discounts
Lease Type NNN
Lease Term 15.6
Lease Expiration 01/31/2031
Remaining Term 4.7
Rent Bumps No
Lease Options Three (3) - five (5) year options to renew
Price per SqFt $342
Year Renovated 2015
Acreage 1.840
Zoning C-4
Parking Spaces 98 spaces
Parking Per SqFt 3.57
Investment Type Net Lease
Lease Commencement 07/01/2015
Ground Lease No
Ownership Fee Simple

Retail | 6.00% CAP | 27,433 SqFt

Marketing description

Investment highlights

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.

  • 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 and an S&P rating of BBB+, and operates over 2,186 locations

  • 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 (238,000 cars per day), and I-605 (227,000 cars per day)

  • The dense, infill Los Angeles location will limit future competition from new development or redevelopment; there is no commercial land left for development in the trade area and virtually 0% vacancy for big-box retail in the immediate vicinity

Listing Contacts

JG
CA CA 01364065
CBRE - Orange County
AF
CA 01423821
CBRE - Orange County
JK
CA 01052330
CBRE - Orange County
KK
CA 02068777
CBRE - San Jose
Listed by CBRE - Orange County, CBRE - San Jose

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$562,380.00
$46,865.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Jay Gomez
License
CA 01364065
Brokerage Phone
8313259847
Title
CALIFORNIA (CA)
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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