Marina Retail for Sale - Marina/Seaside
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.