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234 Reservation Rd 5 000 pi² Commerce de détail Immeuble Marina, CA 93933 2 133 862 $ CAD (426,77 $ CAD/pi²) 7,34% Taux de capitalisation
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Faits saillants de l'investissement
- $111,240 Annual NNN Income ($9,270/Month) with 3% Annual Rent Increases
- Approx. 7.3% Cap Rate with Stable Cash Flow in Coastal California
- Prime Monterey Bay Location with 22,000+ Vehicles Per Day on Reservation Road
- Absolute Triple Net (NNN) Lease Providing Passive, Management-Free Ownership
- 5,000 SF Single-Tenant Retail Investment with Fee Simple Ownership
- Ideal for 1031 Exchange Buyers Seeking Long-Term Income and Appreciation
Résumé de l'annonce
Pac Garden Assets is pleased to present the opportunity to acquire a single-tenant absolute NNN retail investment located at 234 Reservation Road, Marina, California, in the highly desirable Monterey Bay coastal market.
The property consists of a 5,000 SF freestanding retail building configured as a three-suite structure and 100% leased to a single tenant, creating a stable and predictable income stream. The tenant operates under an absolute triple net (NNN) lease, providing ownership with passive, management-free cash flow while minimizing landlord responsibilities.
The property currently generates $111,240 in annual NNN income ($9,270 per month) following the scheduled July 1 rent increase and is offered at $1,515,000, representing an approximate 7.3% capitalization rate. The lease also includes 3% annual rent escalations, providing built-in income growth over time.
Strategically positioned along Reservation Road, one of Marina's primary commercial corridors, the property benefits from excellent visibility, convenient access, and daily traffic counts exceeding 22,000 vehicles. The location offers immediate connectivity to Monterey, Seaside, CSU Monterey Bay, and the surrounding Central Coast, supporting long-term tenant performance and investor demand.
The Monterey Bay region continues to attract institutional and private capital due to its coastal location, limited commercial inventory, and strong real estate fundamentals. Single-tenant NNN investments in this market remain scarce, particularly at this price point, making the offering well suited for 1031 exchange buyers, private investors, and family offices seeking stable, long-term income.
Investment Highlights
Absolute NNN lease with passive ownership
$111,240 current annual NNN income
3% annual rent escalations
- Approximately 7.3% cap rate
- Fee simple ownership
- Excellent visibility along Reservation Road
- Desirable Monterey Bay coastal location
- Attractive opportunity for 1031 exchange and long-term income investors
For additional information or to request the complete Offering Memorandum, please contact Pac Garden Assets.
The property consists of a 5,000 SF freestanding retail building configured as a three-suite structure and 100% leased to a single tenant, creating a stable and predictable income stream. The tenant operates under an absolute triple net (NNN) lease, providing ownership with passive, management-free cash flow while minimizing landlord responsibilities.
The property currently generates $111,240 in annual NNN income ($9,270 per month) following the scheduled July 1 rent increase and is offered at $1,515,000, representing an approximate 7.3% capitalization rate. The lease also includes 3% annual rent escalations, providing built-in income growth over time.
Strategically positioned along Reservation Road, one of Marina's primary commercial corridors, the property benefits from excellent visibility, convenient access, and daily traffic counts exceeding 22,000 vehicles. The location offers immediate connectivity to Monterey, Seaside, CSU Monterey Bay, and the surrounding Central Coast, supporting long-term tenant performance and investor demand.
The Monterey Bay region continues to attract institutional and private capital due to its coastal location, limited commercial inventory, and strong real estate fundamentals. Single-tenant NNN investments in this market remain scarce, particularly at this price point, making the offering well suited for 1031 exchange buyers, private investors, and family offices seeking stable, long-term income.
Investment Highlights
Absolute NNN lease with passive ownership
$111,240 current annual NNN income
3% annual rent escalations
- Approximately 7.3% cap rate
- Fee simple ownership
- Excellent visibility along Reservation Road
- Desirable Monterey Bay coastal location
- Attractive opportunity for 1031 exchange and long-term income investors
For additional information or to request the complete Offering Memorandum, please contact Pac Garden Assets.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
- Market Information
- Operating and Financials
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Taille du bâtiment
5 000 pi²
Classe d’immeuble
B
Année de construction
2000
Prix
2 133 862 $ CAD
Prix par pi²
426,77 $ CAD
Taux de capitalisation
7,34%
Revenu net d’exploitation
156 680 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,22
Taille du lot
0,52 AC
Zonage
C1 - C1 commercial zoning for retail use in Marina CA, high-traffic corridor in the Monterey Bay coastal real estate market.
Stationnement
15 places (3 places par 1 000 pi² loué)
Façade
241’ sur Reservation Road
Commodités
- Climatisation
Assez accessible à pied
50/100
Moyennement adapté aux voitures
70/100
Transports en commun limités
30/100
Moyennement accessible en vélo
60/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 032-181-021-000 | Évaluation des bâtiments | 1 037 664 $ CAD |
| Évaluation du terrain | 768 640 $ CAD | Évaluation totale | 1 806 304 $ CAD |
Impôts fonciers
Numéro de lot
032-181-021-000
Évaluation du terrain
768 640 $ CAD
Évaluation des bâtiments
1 037 664 $ CAD
Évaluation totale
1 806 304 $ CAD
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234 Reservation Rd
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