Belle Fleur Centre
New 2024 Starbucks Drive-Thru Anchored Retail with NNN Leases and Lease-Up Upside
Marketing description
The Ovaness Rostamian Group of Marcus & Millichap is pleased to present an exceptional investment opportunity: a newly constructed, Starbucks Drive-Thru anchored multi-tenant retail center in one of Bellflower’s most dynamic corridors. Completed in 2024, this property offers superior visibility, prominent signage, and convenient ingress and egress, making it a prime destination for daily consumer traffic.
The centerpiece of the center is a Starbucks Drive-Thru featuring an 11-car stacking lane and ample parking, ensuring strong customer flow and operational efficiency. The property is current tenancy comprised entirely of internet-resistant, essential quick-service restaurant tenants, including Starbucks, Wing Zone, Firehouse Subs, and Cassidy’s Corner. These tenants cater to dine-in, drive-up, and drive-thru needs, providing stability and resilience in today’s evolving retail landscape.
Investors will benefit from a true NNN lease structure, with all tenants responsible for repairs, maintenance, and capital expenditures, minimizing landlord obligations and ensuring predictable cash flow. Additionally, there is significant upside potential through the lease-up of a remaining 1,900 SF vacancy, which could increase returns to a projected cap rate exceeding 6.8%.
Strategically located in an active development corridor, the property is surrounded by new and upcoming projects, including a recently completed Chipotle Drive-Thru and the proposed Bellflower Blvd Shops. The area continues to attract major brands such as Dutch Bros, Habit Burger, 7-Eleven with gas, and EV charging stations, reinforcing the long-term growth trajectory of this retail hub.
Positioned at a highly trafficked, signalized intersection on Bellflower Boulevard, the center benefits from over 27,000 cars per day, with direct connectivity to the CA-91 Freeway carrying more than 274,000 CPD. The surrounding trade area boasts robust demographics, with over 680,000 residents within a five-mile radius and an average household income of $111,367, ensuring strong consumer demand for years to come.
This offering represents a rare opportunity to acquire a newly built, Starbucks-anchored retail asset in a thriving Southern California market with minimal management responsibilities and compelling upside potential.
Investment highlights
New 2024 Construction Starbucks Drive-Thru Anchored Multi-Tenant Retail
Newly Built Multi-Tenant Shopping Center Featuring Excellent Signage, Visibility, and Convenient Access.
Starbucks Drive-Thru With 11-Car Stacking Capacity and Abundant Parking.
NNN Expense Structure – Minimal Landlord Responsibilities
All Current Tenants Operate Under NNN Leases, With Tenants Responsible for Repairs, Maintenance, and Capital Expenses.
Current Tenancy Comprised Entirely of Internet-Resistant, Essential QSR Tenants
Fully Occupied by Food and Quick-Service Restaurant Operators, Including Starbucks, Wing Zone, Firehouse Subs, and Cassidy’s Corner, Serving Dine-In, Drive-Up, and Drive-Thru Customers.
Additional Upside with Lease-Up of 1,900 SF Vacancy
Opportunity to Increase Returns by Leasing the Remaining 1,900 SF Space, Pushing Projected Cap Rate Above 6.68%.
Located in an Active Development Corridor
Adjacent to New Chipotle Drive-Thru and Near Bellflower Boulevard Shops Project.
Surrounding Area Includes Incoming Tenants Such as In-n-Out, Dutch Bros, Habit Burger, 7-Eleven With Gas, and EV Charging Stations.
Prime Signalized Intersection with High Traffic Counts
Positioned on Bellflower Blvd With Over 27,000 CPD and Direct Access to CA-91 Freeway With More than 274,000 CPD.
Strong Demographics
Over 680,000 Residents Within a 5-Mile Radius and an Average Household Income of $111,367.
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