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NNN Retail Property | Marina, CA

Status

Public

Property Type

Property For Sale

Business Type

Retail

Price:

$1,515,000

Asset ID#: 

PG-MOCO234

Region:

Bay Area/Coastal

Executive Summary
234 Reservation Road presents an opportunity to acquire a fully leased absolute triple net (NNN) retail investment in Marina, California, one of the Monterey Bay region's most desirable coastal markets. The 5,000 SF standalone building is fully occupied by a single tenant under a long-term absolute NNN lease, providing stable, passive income with minimal landlord responsibility. Following a scheduled lease escalation effective July 1, the property generates $111,240 in annual in-place rental income. Combined with a recent price adjustment to $1,515,250, the asset now offers an attractive 7.34% in-place capitalization rate. With strong traffic counts, limited coastal inventory, and potential seller financing available for qualified buyers, this property is well suited for private investors, family offices, and 1031 exchange buyers seeking dependable cash flow.
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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