Available For Sale - Retail

27,433 SF | Show Pricing $

AVAILABILITY DETAILS

Size
27,433 SF
Price/SF
Show Pricing $
Listing ID
SA415704
Notes
»100% NNN leased to national credit tenant, Ross Dress for Less (NYSE:ROST) DBA dd’s Discounts, one of America’s favorite off-price retail apparel and home fashion stores

»The next rental increase is scheduled in less than 24 months (July 2021), bringing the cap rate to 6.32%

»In 2014, dd’s Discounts signed a 10-year lease (approximately 6.5 years remaining) with Four (4) Five (5) year options to renew and scheduled rental increases every five (5) years

»Ross Dress for Less has a market capitalization of $39.64 billion, 2018 revenue of $15.43 billion and an S&P rating of A-, and operates over 1,772 locations in 39 states across the U.S.

»Strong synergy with other retailers within walking distance, including Walmart, Food 4 Less, Marshalls, Bob’s Furniture, Applebees, Starbucks, Dunkin Donuts, McDonald’s, AutoZone, and O’Reilly Auto Parts and others

»Property benefits from excellent line of sight and visibility along Florence Avenue, enhanced by newly reconstructed 60 foot tall, lighted pylon sign

»Street facing frontage along Florence Avenue (37,000 cars per day), one of the trade area’s primary east/west routes in the trade area, providing immediate access to the I-710 (215,000 cars per day) and other mid-Los Angeles cities

»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)
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Art Flores, CBRE