1292 Border Ave - Health Club FOR SALE


Corona, CA 92882
$5,167,000 USD
949-221-1807
1292 Border Ave, Corona, CA for Sale
$5,167,000 USD
Health Club - FOR SALE
1/11
null | 9% Cap Rate

1292 Border Ave
Corona, CA 92882


HIGHLIGHTS

  • SOUTHERN CALIFORNIA STNL INVESTMENT – HIGH-YIELD OPPORTUNITY (9%)
  • LOCATED IN HIGH-TRAFFIC STATER BROS. ANCHORED VILLAGE GROVE CENTER
  • #1 RANKED CRUNCH FITNESS – MARKET LEADING TENANT - LARGEST CRUNCH FRANCHISEE (OVER 37 LOCATIONS)
  • STRONG CASH FLOW WITH EXCELLENT TAX BENEFITS – FEE SIMPLE OWNERSHIP – COST SEGREGATION/DEPRECIATION
  • HIGHLY VISIBLE LOCATION – SIGNALIZED INTERSECTION WITH NO OUTPARCEL OBSTRUCTIONS
  • STRONG DEMOGRAPHICS AND GROWTH IN THE CORONA TRADE AREA – AHHI OVER $127k - 3 MILE POP OVER 111k

OVERVIEW

Faris Lee Investments is pleased to present a high-yielding single-tenant net-leased (STNL) investment opportunity leased to Crunch Fitness, a global market leader in the fitness industry with 500+ locations worldwide. Operating successfully at this location since 2019, this Crunch Fitness is the #1 ranked location within a 15-mile radius, with Village Grove Center attracting over 1.3 million annual visitors (Placer.ai). This offering provides investors with an attractive 9.0% going-in cap rate and a growing income stream, with the next scheduled rent increase in just two years. At $288 per square foot, the price point is well below replacement cost, offering exceptional value and strong tax benefits, including accelerated depreciation. The property’s anchor location at a signalized intersection ensures excellent visibility and accessibility, with no outparcels obstructing views. Located within the Stater Bros.-anchored Village Grove Center, Crunch Fitness benefits from the daily needs traffic of this high-performing grocery tenant, which draws over 750,000 visitors annually. The center serves the affluent Village Grove neighborhood in Corona, CA, where the average household income exceeds $127,000 within a 5-mile radius. Situated along the Riverside (91) Freeway, Corona offers convenient access to Orange County and the Inland Empire, with continued residential growth supporting the market’s long-term strength. This fee-simple NNN investment combines a high yield, a national tenant, and a grocery-anchored location in a top-tier Southern California market, making it a compelling opportunity for investors seeking passive income and long-term value.

FOR SALE DETAILS

PRICE

$5,167,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crunch Fitness/Super Market Adj/ High Yield

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Freestanding, Restaurant, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

PD, Corona

APN/PARCEL ID

103-243-024

ASK ABOUT THIS PROPERTY

Shaun RileyFaris Lee InvestmentsMore Info
949-221-1807

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Shaun RileyFaris Lee InvestmentsMore Info
949-221-1807

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.