Bellflower Plaza | 17610-17620 Bellflower Blvd

Pegasus Investments Real Estate Advisory Inc., acting as exclusive investment sale advisor to the seller, is pleased to present Bellflower First Plaza, a rare value-add neighborhood strip center opportunity located in Bellflower within the greater Los Angeles metropolitan area. Offered at an extremely attractive basis significantly below estimated replacement cost at approximately $205 per square foot, the property delivers compelling projected investment returns including an 8.5% compounded annual NOI growth rate, a projected 15.8% levered IRR, a 3.0x equity multiple, and average cash-on-cash returns of 11.4% over a projected 10-year hold period. The center is anchored by nationally recognized tenants 7-Eleven and Jack in the Box, creating stable daily traffic and long-term consumer demand.

Bellflower First Plaza features a highly diversified and seasoned tenant mix comprised of service-oriented, medical, lifestyle, and convenience retail businesses that cater directly to the surrounding densely populated residential community. The property benefits from exceptional demographics, with nearly 270,000 residents and average household incomes approaching $100,000 annually within a three-mile radius. Strategically positioned along Bellflower Boulevard at the signalized intersection of Ramona Street, the center enjoys excellent visibility and accessibility with immediate proximity to both the 91 Freeway and Interstate 605. The surrounding retail corridor includes numerous nationally recognized quick-service restaurants within walking distance, including In-N-Out Burger, Starbucks, Dunkin', and Taco Bell, further reinforcing the corridor’s strong consumer traffic and retail demand.

The property’s strategic positioning is enhanced by its location within one of Southern California’s most heavily trafficked retail triangles, bordered by Lakewood Center to the southwest, Los Cerritos Center to the east, and Cerritos College to the northeast, which serves approximately 20,000 students. Nearby regional retail anchors such as Costco, Target, Home Depot, Apple, Nordstrom, Harkins Theatres, and The Cheesecake Factory further support the strength of the surrounding trade area. With its irreplaceable infill location, strong existing cash flow, diverse tenant base, and meaningful value-add potential, Bellflower First Plaza represents a compelling investment opportunity within one of the nation’s most supply-constrained and densely populated retail markets.