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.