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23192175
23192174

5858 Warner Ave, Huntington Beach, CA 92649

MH
CA CA 01946266
Graystone Capital Advisors
TC
CA 01478857, CA CA 01478857
Coastal Commercial
JM
CA 01721162
CBRE - Orange County
Listed by Graystone Capital Advisors, Coastal Commercial, CBRE - Orange County
$14,840,000
400 days on market
Updated 116 days ago

Coastal NNN 24 Hour Fitness - New 5 Year Lease Extension

Details
APN 163-080-12 & 163-080-13
Property Type Retail
Sub Type Grocery Store, Shopping Center (+1)
Square Footage 30,070
Cap Rate 6%
NOI $890,401
Occupancy 100%
Tenancy Single
Brand/Tenant 24 Hour Fitness
Lease Type NNN
Remaining Term 6
Price per SqFt $494
Year Built 1970
Year Renovated 1994/2023
Acreage 2.590
Zoning CG
Parking Spaces 160 spaces
Parking Per SqFt 5.32
Investment Type Value Add

Retail | 6.00% CAP | 30,070 SqFt

Marketing description

Graystone Capital Advisors, Coastal Commercial, and CBRE 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. The property is leased to 24 Hour Fitness who has lease term through December 31, 2031, with one five-year option to renew. The offering features rare biennial CPI rent increases that hedge against inflation. Placer AI 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. Visits to this location have increased 13.4% year over year and 38.5% over the past 24 months.

Situated on ±2.59 acres at the signalized hard corner intersection of Warner Avenue and Springdale Street, the site offers ±433 feet of linear frontage and prominent pylon signage. The corner location benefits from a combined traffic volume of 46,905 vehicles per day, ensuring excellent visibility and accessibility. The surrounding trade area features dense residential neighborhoods, strong daytime employment, and immediate proximity to coastal amenities - key drivers of retail and service-oriented demand.

Within a 3-mile radius, there are approximately 51,770 households, with a median household income of $106,000 and average income exceeding $134,000. Notably, over 43% of households earn more than $125,000 annually, supporting consistent discretionary spending. Consumer expenditures total $2.1 billion annually in the trade area, including $537 million on food and alcohol, $301 million on entertainment and hobbies, and $520 million on transportation and maintenance - highlighting the strength and depth of local purchasing power.

With flexible zoning and strategic proximity to major transportation corridors, coastal tourism hubs, and affluent residential enclaves, 5858 Warner Avenue represents a rare opportunity to own a high performing STNL asset with a national credit tenant in a market defined by tight vacancy, zero construction pipeline, and consistent rent growth.

Investment highlights

  • ±30,070 SF Freestanding Building on ±2.59 Acres

  • 24 Hour Fitness Lease Term Through 12/31/2031

  • Rare Biennial CPI Rent Increases that Hedge Against Inflation

  • Ranked 88th Percentile (40/348) of All Fitness Centers in a 15 Mile Radius and 89th Percentile (349/3,822) of All California Fitness Centers Based on PlacerAI Foot Traffic Data

  • Signalized Intersection - ±433’ of Warner Ave Frontage

  • High Traffic Counts – Combined 46,905 VPD at Warner & Springdale

  • Strong Coastal Demographics – 134,962+ Residents in 3 Miles

  • Affluent Trade Area – Median HH Income of $106,000 (3-Mile Radius)

  • Exceptionally Low Retail Vacancy – Huntington Beach at 3.2%

  • Supply-Constrained Market – No Active Construction in the Submarket

Listing Contacts

MH
CA CA 01946266
Graystone Capital Advisors
TC
CA 01478857, CA CA 01478857
Coastal Commercial
JM
CA 01721162
CBRE - Orange County
Listed by Graystone Capital Advisors, Coastal Commercial, CBRE - Orange County

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$890,401.00
$74,200.08/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Matt Hardke
License
CA 01946266
Brokerage Phone
(949) 929-0558
Name
Tram Church
License
01478857
Brokerage
Coastal Commercial
Brokerage Phone
9497919089
Title
SVP
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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