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ORANGETHEORY FITNESS | PRIME SAN DIEGO 2665 5th Ave

3,601 SF Retail Building San Diego, CA 92103 $2,525,000 ($701/SF) 6% Cap Rate

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Investment Highlights

First Floor Retail Condo in Banker Hill’s Premier Luxury Apartment Building. 10+ Year NNN Lease - Favorable Above Market 3% Annual Rental Increases.
Extremely Dense San Diego Submarket with over 512k People Residing within a 5-Mile Radius. Affluent Area: $115k within a 1-Mile Radius.
Dynamic Location - Ultra High Barrier to Entry Location - Ideally Surrounded by Hotels, Numerous New Apartment Complexes, Offices, Businesses, etc.

Ample Underground Commercial Parking for Employees and Customers. Tenant/Guarantor is the 4th Largest Orangetheory Fitness Franchisee in the Country.
Walking Distance from Balboa Park - a World-Renowned Cultural & Recreational Hub, boasting stunning Spanish Renaissance Architecture, 17 Museums, etc
Irreplaceable Real Estate and Legacy Asset - Due to the Downtown Nature of this Location and the Density of the Trade Area.

Executive Summary

Orangetheory Fitness | Prime San Diego 10+ Year Retail Condo | Above Average 3% Annual Increases | Located in the Heart of the Dynamic Downtown San Diego’s Banker’s Hill | Robust Demographics: 512k+ People w/in 5-Mile Radius | W/in one of the most Walkable and Affluent Neighborhoods in San Diego | Highly Trafficked Area | Across the Street from Balboa Park and Conveniently Located Near the San Diego Zoo and San Diego International Airport

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Storefront

Building Size

3,601 SF

Building Class

Year Built

2016

Price

$2,525,000

Price Per SF

$701

Cap Rate

NOI

$151,464

Tenancy

Single

Building Height

1 Story

Zoning

CV-1

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