234 Reservation Rd - Storefront FOR SALE


Marina, CA 93933- Outer Monterey
$1,515,000 USD
213-722-9577
234 Reservation Rd, Marina, CA for Sale
$1,515,000 USD
Storefront - FOR SALE
1/13
null | 7.34% Cap Rate

234 Reservation Rd
Marina, CA 93933
Outer Monterey


HIGHLIGHTS

  • $111,240 Annual NNN Income ($9,270/Month) with 3% Annual Rent Increases
  • Absolute Triple Net (NNN) Lease Providing Passive, Management-Free Ownership
  • Approx. 7.3% Cap Rate with Stable Cash Flow in Coastal California
  • 5,000 SF Single-Tenant Retail Investment with Fee Simple Ownership
  • Prime Monterey Bay Location with 22,000+ Vehicles Per Day on Reservation Road
  • Ideal for 1031 Exchange Buyers Seeking Long-Term Income and Appreciation

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,515,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

7.34%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,655 SF

ZONING

C1

APN/PARCEL ID

032-181-021-000

ASK ABOUT THIS PROPERTY

Ben HouraniPac Garden AssetsMore Info
213-722-9577

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Ben HouraniPac Garden AssetsMore Info
213-722-9577

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.