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30 K SF Achor Space | Warner Springdale Plaza

$14,000,000

5858 Warner Avenue, Huntingtn Bch, CA 92649

Active
Last Updated: 05/02/2025

6.35

Cap Rate

889,572

NOI

Details:
Cap Rate:    6.35%
NOI:    $889,572
Building Size:    30,070 sqft
Lot Area:    2.59 acres
Year Built:    1970
Zoning:    CG*
Parking Spots:    160
Year Last Renovated:    1994
Highlights:
  • ±30,070 SF Freestanding Building on ±2.59 Acres
  • Occupied by 24 Hour Fitness Through 12/31/2026
  • Available for Owner-User or Investment Beginning January 2027
  • 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
Description:

Graystone Capital Advisors is 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 currently leased to 24 Hour Fitness, who will continue to occupy and pay rent through December 31, 2026. At lease expiration, the asset may have the possibility of being delivered vacant, providing a strategic opportunity for an owner-user or a value-add investor seeking to reposition or re-tenant the property.

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 or reposition a large-format retail asset - with income in place through 12/31/2026 - in a market defined by tight vacancy, zero construction pipeline, and consistent rent growth.

Map:
Documents:
Title
24_Hr_Fitness_5858_Warner_Ave_-_Huntington_Beach_CA.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery