5858 Warner Ave
Huntington Beach

Coastal Commercial and Graystone Capital Advisors 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 Sale Details

List Price

$14,840,000

Square Feet (GLA)

30,070

Current Cap Rate

6.36%

  • COASTAL OC NNN LEASED ASSET WITH RARE BIENNIAL RENT INCREASES - ±30,070 SF Freestanding Building on ±2.59 Acres
  • LONG TERM TENANT COMMITMENT TO LOCATION - 24 Hour Fitness has operated at this location since 1994 and exercised 1st, 5-Year lease extension through 12/31/2031
  • RANKED 88th PERCENTILE - 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 Placer AI foot traffic data
  • CONSISTENT GROWTH - Visits to this location have increased 10% or more on average year over year for the past three years
  • LOW RETAIL VACANCY - Exceptionally Low Retail Vacancy – Huntington Beach at 3.2%
  • SUPPLY-CONSTRAINED MARKET - Supply-Constrained Market – No Active Construction in the Submarket
  • STRONG COASTAL DEMOGRAPHICS - Strong Coastal Demographics – 134,962+ Residents in 3 Miles
  • SIGNALIZED INTERSECTION - Signalized Intersection - ±433’ of Warner Ave Frontage
  • HIGH TRAFFIC COUNT - High Traffic Counts – Combined 46,905 VPD at Warner & Springdale