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19983984
19983985

10115 Talbert Ave, Fountain Valley, CA 92708

MT
CA 01469342
Marcus & Millichap - San Diego
JB
CA 02048307
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$22,475,000
637 days on market
Updated 22 days ago

LA Fitness | Iconic Orange County Location

Details
Property Type Retail
Sub Type Fitness, Freestanding (+1)
Square Footage 50,441
Cap Rate 5.00%
NOI $1,123,848
Occupancy 100%
Tenancy Single
Brand/Tenant LA Fitness
Lease Type NNN
Lease Expiration 06/30/2035
Remaining Term 9.1
Rent Bumps Yes
Lease Options (2) 5 Year & (1) 4 Year
Broker Co-Op Yes
Year Built 1977
Year Renovated 1998 / 2014
Buildings 1
Acreage 2.870
Parking Spaces 169 spaces
Parking Per SqFt 3.35
Investment Type Core+
Tenant Credit Credit Rated, Corporate Guarantee
Ownership Fee Simple
Sale Condition For sale by owner

LA Fitness | Iconic Orange County Location | 405 Freeway Frontage | Long-Term Corporate-Backed NNN

Marketing description

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.

Investment highlights

  • Generational Orange County Single-Tenant LA Fitness

  • Passive NNN Lease Structure

  • Irreplaceable Location & Outstanding Visibility

  • Dense & Affluent Demographics

Listing Contacts

MT
CA 01469342
Marcus & Millichap - San Diego
JB
CA 02048307
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$1,123,848.00
$93,654.00/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Tony Solomon
License
License # 01238010
Brokerage
Marcus & Milichap
Title
Broker of Record
Brokerage Address
23975 Park Sorrento Suite 400 Calabasas, CA 91302
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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