NNN Cannabis Dispensary Investment Property | Marina, CA
Absolute Triple Net (NNN) Retail Investment | Standalone 5,000 SF Building | Marina, Monterey Bay, California
Asking Price: $1,515,000
Exclusively Listed Net-Lease Investment Asset | Broker DRE #02072441 | Qualified Buyers Only
Asset ID: PG-MOCO234
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. The property is configured as three suites leased to a single tenant, situated in a high-visibility location on Reservation Road within the Monterey Bay coastal market. Fully leased and strategically positioned, the asset benefits from strong surrounding demographics, limited competing coastal retail inventory, 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, predictable cash flow. The property delivers $111,240 in annual in-place rental income, with the tenant responsible for taxes, insurance, and maintenance under the absolute NNN structure. Following the scheduled July 1 rent increase, the asset offers an attractive 7.34% in-place capitalization rate. Potential seller financing is available for qualified buyers, and the investment is well suited for 1031 exchange buyers and passive income investors seeking a low-management, coastal California asset.
PROPERTY USE CASES
1031 exchange replacement property for passive income investors
Long-term hold for family offices and private capital seeking low-management coastal retail income
Portfolio diversification into a stable, absolute NNN Central Coast asset
INVESTMENT HIGHLIGHTS
7.34% in-place cap rate on a fully leased, absolute NNN coastal asset
This offering combines a rare Monterey Bay coastal location with the passive, low-maintenance income profile of an absolute triple net lease. The tenant carries full responsibility for taxes, insurance, and maintenance, leaving ownership with minimal landlord involvement, while a scheduled July 1 rent escalation has pushed in-place income to $111,240 annually — a 7.34% capitalization rate at the current $1,515,250 asking price. Limited competing retail inventory along the Marina coastal corridor, strong Highway 1 access, and potential seller financing for qualified buyers combine to make this an efficient, income-focused acquisition for 1031 exchange buyers, family offices, and private investors seeking dependable, hands-off cash flow.
FAQs
What is the cap rate on this Marina, CA cannabis dispensary property?
The property offers a 7.34% in-place capitalization rate, based on $111,240 in annual NNN rental income at the current asking price of $1,515,250, following a scheduled July 1 rent escalation.
What type of lease structure does this NNN dispensary investment have?
This is an absolute triple net (NNN) lease, meaning the tenant is fully responsible for property taxes, insurance, and maintenance giving the owner a passive, low-management income stream with minimal landlord obligations.
Where is this cannabis dispensary investment property located?
The property is located at 234 Reservation Road in Marina, California, within the Monterey Bay coastal market. A high-visibility commercial corridor with strong access to Highway 1 and limited competing retail inventory.
Is seller financing available for this dispensary property?
Yes. Potential seller financing is available for qualified buyers, making this a flexible acquisition option for 1031 exchange buyers, family offices, and private investors.
Who is this NNN cannabis property investment best suited for?
This asset is well suited for 1031 exchange replacement buyers, family offices, and private investors seeking dependable, hands-off cash flow through a fully leased, absolute NNN retail asset in a limited-supply coastal market.
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