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10115 Talbert Ave Fountain Valley, CA 92708

Sponsored
For Sale
$22,475,000

High-traffic, NNN-leased fitness center.

Property size:
50,441 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a fee-simple, 50,441 square-foot, single-tenant LA Fitness facility located in Fountain Valley, California. Situated on a 2.87-acre lot at 10115 Talbert Ave, 92708, this property boasts irreplaceable freeway frontage on the heavily trafficked 405 Freeway, enjoying daily visibility to 320,789 vehicles. The 100% occupied building, constructed in 1977 and renovated in 1998 and 2014, features 169 parking spaces and benefits from a long-term NNN lease with a credit-rated corporate guarantor, expiring June 30, 2035 (10.6 years remaining). The lease includes 10% rent bumps every five years, with lease options for (2) five-year and (1) four-year extensions. The property's strong financial performance is reflected in its $1,123,848 NOI and a 5.00% cap rate, with an asking price of $22,475,000. The location is strategically positioned near the Orange Coast Medical Center and the Fountain Valley Promenade, surrounded by a variety of national and local retailers, and serves a dense, affluent demographic with over 201,800 residents within a 3-mile radius, averaging over $116,000 in household income. This presents a rare opportunity to acquire a core+ net-leased fitness center in a prime Orange County location.

Property Features for 10115 Talbert Ave

General Information

Property type
Individual retail properties
Square Feet
50,441 SF
Lot Size
125,017 SF

Building Details

Year Built/Renovated
1977/1998
Buildings
1

HighLights

  • Generational, single‑tenant LA Fitness investment opportunity in Orange County.
  • Passive NNN lease with a credit‑rated corporate guarantor, expiring June 30, 2035, including rent bumps.
  • Irreplaceable freeway frontage on the heavily trafficked 405 Freeway, offering exceptional visibility.
  • Located in a dense, affluent area with high household incomes, near major amenities.
Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Fountain Valley
County
Orange
State
California
Longitude
-117.9516405
Latitude
33.7023639

FAQs

What type of property is this?
Individual retail property - High-traffic, NNN-leased fitness center.
Where is this individual retail property located?
The property is located at 10115 Talbert Ave Fountain Valley, CA.
What is the asking price?
The asking price for this property is $22,475,000.
What are key features of this property?
This property features: Generational, single-tenant LA Fitness investment opportunity in Orange County.; Passive NNN lease with a credit-rated corporate guarantor, expiring June 30, 2035, including rent bumps.; Irreplaceable freeway frontage on the heavily trafficked 405 Freeway, offering exceptional visibility.
More about this property
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