A long-empty Rite Aid box on La Brea Avenue is getting a second act, and it is all about bargains. Burlington is slated to move into the former pharmacy space in a South Los Angeles shopping center, swapping out prescriptions for racks of discount apparel, home goods, and other value-focused merchandise. For neighbors, it is a clear sign that this stretch of La Brea is leaning harder into off-price retail.
According to CoStar, Burlington will take over the former Rite Aid at 3480–3550 S. La Brea Ave, with CBRE brokers Jeff Nichols, Ryan Sullivan, and Jamie Brooks marketing the listing. CoStar reported the deal on March 20, 2026, describing it as part of a broader push by value retailers to scoop up second-generation retail boxes as they come back onto the market.
The La Brea center is already anchored by a Superior Grocers at 3480 S. La Brea Ave, as confirmed on the supermarket’s own location page. Superior Grocers lists the address and highlights the grocery draw that underpins the site. The overall property is managed by The Ezralow Company/First Pointe Management, according to the owner’s online company profile.
Off-price retailers are backfilling big boxes
Across the retail landscape, landlords are not letting big boxes sit idle for long. Industry coverage shows owners actively re-leasing spaces left behind by underperforming chains to off-price players that thrive on volume and value pricing. Bisnow reports that JLL and other analysts have identified Burlington among the chains steadily taking over second-generation boxes, with recaptured anchors often helping landlords push rents higher.
The supply of former pharmacy and big-box locations jumped after Rite Aid’s bankruptcy and subsequent asset sales, which opened the door for new tenants to move in where pharmacies once stood. National coverage of those transactions, detailed last year by Retail Brew, highlighted how hundreds of sites were shifted out of Rite Aid’s hands and into new configurations.
What this means locally
On the ground in South L.A., the swap from a shuttered pharmacy to a Burlington should mean more weekday traffic and a broader mix of reasons to visit the center, compared with a single-tenant drugstore. The chain’s off-price model typically pulls in budget-conscious shoppers hunting for deals across clothing, home, and seasonal goods.
CoStar did not list an opening date for the new store, and a detailed construction or conversion timeline has not yet been made public. National reporting on Rite Aid’s broader asset sell-off, including coverage by CNN Business, has underscored how pharmacy closures and sales are reshaping where traditional drugstore services remain and where redevelopment opportunities appear.
For nearby residents, the immediate takeaway is simple: a national off-price retailer is set to fill a dark box on La Brea, nudging the strip’s identity further toward value retail. Anyone looking to dig into leasing specifics or potential availabilities at the property will be dealing with the CBRE brokerage team noted in the listing.
