Executive Summary
Property Details
Located in the heart of Marina's commercial corridor, this standalone ±5,000 SF retail building offers investors a well-maintained coastal asset with excellent visibility, convenient access, and long-term investment appeal. Fully leased and strategically positioned within the Monterey Bay market, the property benefits from strong surrounding demographics and limited competing inventory.
Highlights:
±5,000 SF standalone retail building
Three-suite configuration leased to a single tenant
High-visibility location on Reservation Road
Monterey Bay coastal market with limited supply
Excellent access to Highway 1 and regional trade areas
Ample on-site parking and strong street presence
Operation Details
This investment is structured for passive ownership through an absolute triple net lease that minimizes landlord responsibilities while providing stable cash flow. Following the scheduled July 1 rent increase, the property now delivers an attractive 7.34% in-place capitalization rate with potential seller financing available for qualified buyers.
Highlights:
$111,240 annual in-place rental income
Absolute Triple Net (NNN) lease structure
7.34% in-place capitalization rate
Tenant responsible for taxes, insurance, and maintenance
Potential seller financing available for qualified buyers
Well suited for 1031 exchange and passive income investors
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