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5858 Warner AveHuntington Beach, CA 92649
Coastal OC NNN 24 Hour Fitness | New Lease Extension | 6%+ Cap
Coastal OC NNN 24 Hour Fitness | New Lease Extention | 6%+ Cap Rate
Overview
Graystone Capital Advisors and Coastal Commercial are pleased to present the exclusive opportunity to acquire 5858 Warner Avenue, a ±30,070 SF freestanding retail building located in one of Orange County's most desirable coastal submarkets - Huntington Beach, CA. Placer Al foot traffic data shows this location is in 88th percentile (ranked 40/348) of all fitness center locations within a 15 mile radius and 89th percentile (ranked 349/3,822) of all California fitness center locations. Furthermore, this location boasts 10%+ average year-over-year visit growth over the past three years.
Investment Highlights
- Coastal Orange County NNN Asset with Attractive Rent Increases
- Long-Term, Established Tenant – 24 Hour Fitness has operated at the site since 1994; lease extended through 12/31/2031
- Top-Tier Performance Metrics – Ranked in the 88th percentile among fitness centers within a 15-mile radius and the 89th percentile statewide (Placer.ai)
- Consistent Traffic Growth – Average year-over-year visit growth of 10%+ over the past three years
- Prime Signalized Intersection – Combined traffic counts of 46,905 VPD at Warner Ave & Springdale
- Strong Coastal Demographics – Over 134,962 residents within a 3-mile radius
- Affluent Trade Area – Average household income of $142,517 within a 1-mile radius
- Exceptionally Low Retail Vacancy – Huntington Beach retail vacancy at 3.2%
Photo Gallery
5858 Warner AveHuntington Beach, CA 92649
Sales Team
Newport Beach, CA
Listing provided by LightBox Revere