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10115 Talbert AveFountain Valley, CA 92708
LA Fitness | Fountain Valley, CA
Asset ClassRetail
Cap Rate5%
Lease-Term Remaining: 10 YearsAccess Data Room
LA Fitness | Iconic Orange County Location | 405 Freeway Frontage | Long-Term Corporate-Backed NNN Lease | Irreplaceable Visibility & Density
overview of deal

Overview

The NNN Fitness group of Marcus & Millichap is pleased to bring to market a generational Southern California single-tenant investment opportunity, prominently positioned with irreplaceable frontage on the 405 Freeway in the heart of Orange County. This corporate LA Fitness freestanding facility includes 2.87 acres along the busiest freeway in the world. The property features a rare NNN lease with over 10 years of lease term and structured 10% increases with no landlord responsibilities. With LA Fitness Corporate Headquarters just a few miles away, this location is one of the busiest clubs in the country, offering outstanding visibility and accessibility to all of Orange County.

 

Situated near the intersection of Interstate 405 and Talbert Ave, the property boasts visibility to daily traffic counts of 320,789 vehicles. It is conveniently located adjacent to the Orange Coast Medical Center and less than a mile from the bustling Fountain Valley Promenade, surrounded by a variety of national and local retailers. The area is marked by dense and affluent demographics, with over 201,800 residents within a 3-mile radius, each household averaging an income of over $116,000, making this an exceptional investment opportunity in a generational location.

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Investment Highlights

  • Generational Orange County Single-Tenant LA Fitness
  • Passive NNN Lease Structure
  • Irreplaceable Location & Outstanding Visibility
  • Dense & Affluent Demographics

INVESTMENT OVERVIEW

DEAL POINTS
PRICE
$22,475,000
CAP RATE
5.00%
NOI
$1,123,848
GLA
50,441 SF
LOT SIZE
2.87 AC
YEAR BUILT
1977 / 1998 / 2014
LEASE TYPE
NNN
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10115 Talbert AveFountain Valley, CA 92708

INVESTMENT CONTACTS

Tony SolomonBroker of Record

License #: License # 01238010

tony.solomon@marcusmillichap.com
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Listing provided by Revere CRE