NNN Retail Property | Marina, CA

NNN Retail Property | Marina, CA

Status

Public

Property Type

Property For Sale

Business Type

Retail

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Offering Memorandum

Price:

$1,595,000

Asset ID#:

PG-MOCO234

Region:

Bay Area/Coastal

Executive Summary

234 Reservation Rd is a fully leased absolute triple net retail investment located in Marina, California along a high-traffic corridor in the Monterey Bay coastal market. The 5,000 SF building is occupied by a single tenant across a three-suite configuration, providing $9,000 per month in passive income with minimal landlord responsibility. Priced at $1,595,000, the asset offers an attractive yield in a supply-constrained coastal real estate market with strong visibility, stable tenancy, and long-term investor appeal.

Property Details

Standalone 5,000 SF retail building located at 234 Reservation Rd in Marina, CA. The asset is configured as a three-suite structure but is fully occupied by one tenant under an absolute triple net lease, creating a simple and durable income profile for ownership. Positioned in the Monterey Bay coastal region, the property benefits from strong visibility, convenient access, and limited competing supply in one of California’s higher-value coastal real estate markets.

Address: 234 Reservation Rd, Marina, CA
Asset Type: Retail Property For Sale
Building Size: 5,000 SF
Structure: 3 suites, 100% occupied by one tenant
Lease Type: Absolute Triple Net
Region: Bay Area / Coastal
Corridor: Reservation Rd retail corridor
Market: Marina / Monterey Bay coastal market

Operation Details

This asset is designed for investors seeking passive income from a coastal California retail property with minimal management burden. The tenant occupies the full building and pays $9,000 per month on an absolute NNN basis, equating to $108,000 in annual in-place income. The OM positions the property as a high-yield coastal retail investment, while nearby traffic counts and market data reinforce the strength of the corridor and the long-term desirability of Marina retail real estate.

In-place income: $108,000 annually
Monthly rent: $9,000/month NNN
Lease structure: Absolute NNN / hands-off ownership
Traffic counts nearby: approx. 22,136 VPD on Reservation Rd at Crescent Ave and 22,058 VPD on Del Monte Blvd nearby
Market framing: coastal California retail investment with limited supply
Buyer profile: private capital, 1031 exchange, passive income investors