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379-399 Lighthouse Ave, Monterey, CA, 93940

Lighthouse Center

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Key Information

Tot. SF
5,932
Lot Size
0.28 Acres
Units
2
Year Built
1968
Type
Shopping Centers
Occupancy
100%

Highlights

• Hard, Signalized Corner – This site benefits from both exceptional traffic counts and walkability. Lighthouse Ave sees approximately 23,243 VPD and is the main commercial corridor of Monterey
• Walkable Retail Corridor – Located within the Lighthouse District, home to over 100 shops, restaurants, and local businesses. It is also in close proximity to Cannery Row and the Monterey Bay Aquarium
• Affluent Area – with average HH income exceeding $115,000 within a 3-mile radius and $126,289 within a 5-mile radius
• Low Transaction Velocity Market, High Barrier of Entry – Rarely does commercial property trade in this submarket and there are significant barriers of entry to develop new competitive retail properties
• ±15 Years Remaining on Anytime Fitness’s NNN lease, running through October 31, 2041 with (1) 5-year option. Over 10 years of operating history as the lease commenced in August of 2016.
• ± 79.7% of Income comes from Anytime Fitness , which occupies 4,679 SF (±79% of GLA).
• ±14-Year WALT across a two-tenant building with little to no management
• Lease Signed by The Master’s Holdings, Inc., an Anytime Fitness franchisee that also operates as Omega Fitness Holdings. It runs 70+ gyms across California, Wisconsin and Florida, with more in development.
• Long Term 2nd Tenant – RockSalt Pilates (1,253 SF) – Recently executed a 10 Year lease with 3.00% annual increases and (2) 5-year options
• Record Visitor Spending – Monterey County travel spending reached $3.3 billion in 2025, up 4.1% over 2024 and above the prior 2019 high. Tourism Is the Largest Industry on the Peninsula – Tourism ranks first on the Monterey Peninsula and second countywide

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245