17620 Bellflower BlvdBellflower, CA 90706

Highlights

• Value-add opportunity: 40,942 SF shopping center in Bellflower, CA, on 0.97 acres with 122 parking spaces. Currently 75% occupied, generating $541,177 NOI at a 6.29% cap rate; asking price $8,600,000.
• Strong cash flow with significant NOI growth potential (85% over 10 years) through lease-up of 8 vacant units, rent increases, and lease conversions. Many leases expire by January 2026.
• Anchored by 7-Eleven and Jack in the Box (separately available for purchase), surrounded by national retailers like In-N-Out Burger, Starbucks, and Dunkin' Donuts.
• Attractive basis of $210/SF, well below replacement cost, with projected 10-year return metrics including 6.6% NOI CAGR, 17.5% levered IRR, 3.83x equity multiple, and 10.1% average annual cash-on-cash return.
• Excellent demographics: 270,000 population within a 3-mile radius, average household income exceeding $100,000. Prime location on Bellflower Blvd, less than 1,000 feet from the 91 Freeway and near a new townhome development.
• Jack in the Box lease features a 44%+ contractual rent increase over the next 7 years, followed by two 5-year options at fair market value. This top 11% performing Jack in the Box location had 340,000 visits from over 100,000 unique visitors in the past year.