For Sale
$8,600,000
17620 Bellflower BlvdBellflower, CA 90706
Value-add shopping center, high growth potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
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.
Property Details for 17620 Bellflower Blvd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 40,942 SF
- Year Built
- 1991
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 42,253 SF
- Units
- 31
Location Insight
- City
- Bellflower
- County
- Los Angeles
- State
- California
- Latitude
- 33.872683425398
- Longitude
- -118.12513602956
17620 Bellflower Blvd, Bellflower, California
Nearby Similar for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website