dd's Discounts
Retail | 6.00% CAP | 27,433 SqFt
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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
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