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

$22,475,000

10115 Talbert Avenue, Fountain Valley, CA 92708

Active
Last Updated: 09/10/2024

5

Cap Rate

1,123,848

NOI

Details:
Cap Rate:    5%
NOI:    $1,123,848
Building Size:    50,441 sqft
Lot Area:    2.87 acres
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    1977
Tenancy:    Single
Parking Spots:    169
Year Last Renovated:    2014
Gross Leaseable Area:    50,441
Investment Strategy:    Core Plus
Lease Expire Year:    6/30/2035
Highlights:
  • Generational Orange County Single-Tenant LA Fitness
  • Passive NNN Lease Structure
  • Irreplaceable Location & Outstanding Visibility
  • Dense & Affluent Demographics
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.

Tony Solomon
Broker of Record
License # 01238010
23975 Park Sorrento
Suite 400
Calabasas, CA 91302

Map:
Documents:
Title
LA_Fitness__Fountain_Valley__CA_-_OM.pdf
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